U.S. Granted Utility Patents Originating in McLeod County, MN
PATENTCOUNTY27085 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
77.78%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in McLeod County, MN' metric tracks the number of utility patents granted to inventors residing in McLeod County, Minnesota. This provides insight into local 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
This series measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in McLeod County, Minnesota. Utility patents protect new and useful inventions, and this metric can indicate the level of innovative activity and technological progress within the county.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported based on the inventor's location.
Historical Context
Policymakers and economic development organizations can use this data to assess the innovative capacity and competitiveness of the McLeod County economy.
Key Facts
- McLeod County, MN is home to several major manufacturing and technology companies.
- Patent activity is considered a key indicator of local innovation.
- Trends in patents can inform economic policy and investment decisions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in McLeod County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a valuable indicator of local innovation and technological progress, which can inform economic development strategies and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and based on the inventor's reported location.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations can use this data to assess the innovative capacity and competitiveness of the McLeod County economy.
Q: Are there update delays or limitations?
A: The data is published with a lag as the patent application and granting process can take time. There may also be limitations in accurately attributing patents to specific geographic areas.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in McLeod County, MN (PATENTCOUNTY27085), retrieved from FRED.