U.S. Granted Utility Patents Originating in Mower County, MN
PATENTCOUNTY27099 • 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 Mower County, MN' tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Mower County, Minnesota. This metric serves as an indicator of local innovation and technological activity.
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 protect new and useful inventions, processes, machines, and compositions of matter. Tracking patent activity in specific geographic areas provides insights into regional innovation trends and the commercial viability of local industries.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovation capacity and commercial potential of local communities.
Key Facts
- Mower County, MN is home to over 39,000 residents.
- In 2021, 53 utility patents originated from Mower County.
- The top technology areas for Mower County patents are agriculture and medical devices.
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 originated from inventors located in Mower County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in specific geographic areas provides insights into regional innovation trends and the commercial viability of local industries, which is valuable for policymakers and economic development organizations.
Q: How is this data collected or calculated?
A: The data is collected and published 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 capacity and commercial potential of local communities.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Patent and Trademark Office, which may result in minor delays compared to real-time patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Mower County, MN (PATENTCOUNTY27099), retrieved from FRED.