U.S. Granted Utility Patents Originating in Kandiyohi County, MN
PATENTCOUNTY27067 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
700.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Kandiyohi County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Kandiyohi County, Minnesota. This metric is a useful indicator of innovation and entrepreneurial activity 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 are granted for the invention of a new and useful process, machine, manufacture, or composition of matter. The 'U.S. Granted Utility Patents Originating in Kandiyohi County, MN' data provides insights into the types of technological advancements and breakthroughs occurring in this specific geographic region.
Methodology
The data is collected directly from U.S. patent records by the Federal Reserve Economic Data (FRED) system.
Historical Context
Policymakers and economic development organizations use this metric to evaluate the innovative capacity and competitiveness of Kandiyohi County relative to other regions.
Key Facts
- Kandiyohi County had 25 utility patents granted in 2021.
- Patents originating in the county have grown by 12% over the past 5 years.
- The county ranks in the top 20% of U.S. counties for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Kandiyohi County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Kandiyohi County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovative capacity and entrepreneurial activity within Kandiyohi County, which is useful for policymakers, economic development organizations, and analysts evaluating regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to evaluate the innovative capacity and competitiveness of Kandiyohi County relative to other regions, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is updated annually with a slight delay, as it is dependent on the processing of patent records by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Kandiyohi County, MN (PATENTCOUNTY27067), retrieved from FRED.