U.S. Granted Utility Patents Originating in Le Sueur County, MN
This dataset tracks u.s. granted utility patents originating in le sueur county, mn over time.
Latest Value
8.00
Year-over-Year Change
700.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Le Sueur County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Le Sueur County, Minnesota. This metric provides insight into the innovative activity in 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 a type of patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter. The 'U.S. Granted Utility Patents Originating in Le Sueur County, MN' series is used by economists and policymakers to assess the inventive output and technological competitiveness of the local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic origin of each granted utility patent.
Historical Context
Tracking patent activity is important for understanding regional innovation and economic development.
Key Facts
- Le Sueur County, MN is home to several major manufacturing companies.
- Patent grants have trended upwards in Le Sueur County over the past decade.
- The county's patent activity is above the national average for rural counties.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Le Sueur County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Le Sueur County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity provides insights into the innovative capacity and technological competitiveness of the local economy, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic origin of each granted utility patent.
Q: How is this trend used in economic policy?
A: Patent data is used by economists and policymakers to assess regional innovation, guide economic development initiatives, and benchmark competitiveness.
Q: Are there update delays or limitations?
A: The patent data is subject to administrative processing delays, and may not fully capture all inventive activity in the county.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Le Sueur County, MN (PATENTCOUNTY27079), retrieved from FRED.