U.S. Granted Utility Patents Originating in Freeborn County, MN
PATENTCOUNTY27047 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-80.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Freeborn County, MN' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Freeborn County, Minnesota. This metric is an important indicator of innovative activity and technological progress within the county.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Utility patents protect new and useful inventions, processes, machines, and compositions of matter. The number of utility patents originating from a specific county provides insight into the local innovation ecosystem and can inform economic development strategies.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Historical Context
Policymakers and economic development organizations use this trend to assess the innovation capacity and technological competitiveness of Freeborn County relative to other regions.
Key Facts
- Freeborn County is home to several major manufacturing firms.
- The county has seen a steady increase in utility patents over the past decade.
- Patent activity is concentrated in the areas of medical devices and agricultural equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Freeborn County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific county provides insight into the local innovation ecosystem and can inform economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this trend to assess the innovation capacity and technological competitiveness of Freeborn County relative to other regions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Patent and Trademark Office and may have a several-month delay.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Freeborn County, MN (PATENTCOUNTY27047), retrieved from FRED.