U.S. Granted Utility Patents Originating in Lake of the Woods County, MN
This dataset tracks u.s. granted utility patents originating in lake of the woods county, mn over time.
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 Lake of the Woods County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have their origin in Lake of the Woods County, Minnesota. This metric is a key indicator of 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 new and useful inventions, processes, machines, or compositions of matter. The number of utility patents originating in a specific county provides insight into the local innovation ecosystem and its contribution to the broader U.S. technological landscape.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovation and entrepreneurial activity within a region.
Key Facts
- Lake of the Woods County is a rural county in northern Minnesota.
- Utility patents represent new and useful inventions, processes, or technologies.
- The number of utility patents is a proxy for innovation and entrepreneurial activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from Lake of the Woods County, Minnesota. Utility patents represent new and useful inventions, processes, or technologies.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a specific county is an indicator of the regional innovation ecosystem and entrepreneurial activity, which is valuable information for policymakers and economic development organizations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the innovation and entrepreneurial activity within a region, which can inform targeted policies and programs to support economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the U.S. Patent and Trademark Office, which may result in some update delays.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lake of the Woods County, MN (PATENTCOUNTY27077), retrieved from FRED.