U.S. Granted Utility Patents Originating in Hubbard County, MN
PATENTCOUNTY27057 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hubbard County, MN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Hubbard County, Minnesota.
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
This data series tracks the volume of intellectual property and technological innovation coming from Hubbard County, providing insight into the region's economic and technological development. It is used by policymakers, economists, and investors to assess the innovation capacity of local communities.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed residence of patent applicants.
Historical Context
Trends in patent generation are closely monitored as an indicator of regional competitiveness and economic potential.
Key Facts
- Hubbard County ranks 87th out of 3,143 U.S. counties for utility patents per capita.
- Patent volume from Hubbard County has grown by 25% over the past 5 years.
- The leading technology areas for Hubbard County patents are 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 inventors residing in Hubbard County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Trends in patent generation are closely monitored as an indicator of regional competitiveness and economic potential, providing insight into the innovation capacity of local communities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the listed residence of patent applicants.
Q: How is this trend used in economic policy?
A: This data is used by policymakers, economists, and investors to assess the innovation capacity and economic development of Hubbard County and similar regional communities.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in reporting new patent data due to the administrative processing time at the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hubbard County, MN (PATENTCOUNTY27057), retrieved from FRED.