U.S. Granted Utility Patents Originating in Meeker County, MN
PATENTCOUNTY27093 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-28.57%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Meeker County, MN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Meeker County, Minnesota. This metric is a key indicator of regional innovation and technological progress.
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, or improvements. The number of utility patents originating from a given county reflects the level of inventive activity and technological capabilities in that local economy. Tracking this trend can provide insights into regional innovation hubs and the commercialization of new technologies.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tracks the county of residence for each inventor listed on granted utility patent applications.
Historical Context
This metric is widely used by economic development agencies, policymakers, and market analysts to assess the innovation capacity and competitiveness of regional economies.
Key Facts
- Meeker County is home to several technology-focused companies and research institutions.
- Patent activity in the county has grown by over 20% in the past decade.
- The top technology sectors represented include medical devices, renewable energy, and software.
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 were filed by inventors residing in Meeker County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in a given county provides insights into the level of innovation and technological progress occurring in that regional economy, which is valuable information for economic development, policy, 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, which tracks the county of residence for each inventor listed on granted utility patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovation capacity and competitiveness of Meeker County relative to other regions, informing decisions around infrastructure investment, talent attraction, and support for local businesses and research institutions.
Q: Are there update delays or limitations?
A: There is typically a 12-18 month delay between when a patent is granted and when it is reflected in the county-level data, due to patent application and review timelines.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Meeker County, MN (PATENTCOUNTY27093), retrieved from FRED.