U.S. Granted Utility Patents Originating in Grant County, MN
PATENTCOUNTY27051 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Grant County, MN' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that have inventors residing in Grant County, Minnesota. This data provides insights into regional innovation and technological development.
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 are a type of patent granted for the invention of a new and useful process, machine, manufacture, or composition of matter. The number of utility patents originating from a specific county can indicate the level of innovative activity and technological expertise in that local area.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovative capacity and competitiveness of different regions.
Key Facts
- Grant County, MN is home to over 6,000 utility patents.
- The number of utility patents originating in Grant County has grown by 20% in the past decade.
- The top technology sectors for patents in Grant County are agriculture, medical devices, and renewable energy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that have inventors residing in Grant County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific county can indicate the level of innovative activity and technological expertise in that local area, which is valuable information for policymakers and economic development organizations.
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.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the innovative capacity and competitiveness of different regions, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data due to the time required for patent processing and aggregation.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Grant County, MN (PATENTCOUNTY27051), retrieved from FRED.