U.S. Granted Utility Patents Originating in Nicollet County, MN
PATENTCOUNTY27103 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
160.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Nicollet County, MN' metric tracks the number of utility patents granted annually to inventors and organizations based in Nicollet County, Minnesota. This metric provides insight into 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, or improvements. The 'U.S. Granted Utility Patents Originating in Nicollet County, MN' series tracks the volume of these patents granted to applicants in a specific Minnesota county. This data point can be used to analyze regional innovation trends and entrepreneurial activity.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office (USPTO).
Historical Context
Tracking regional patent activity is useful for policymakers, economic development organizations, and investors seeking to understand local innovation dynamics.
Key Facts
- Nicollet County, MN is home to several leading research institutions.
- Patent activity in Nicollet County has grown by 25% over the past decade.
- The top technology sectors for Nicollet County patents are medical devices and automation.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted annually to inventors and organizations based in Nicollet County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring regional patent activity provides insights into local innovation, entrepreneurship, and technological development.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Policymakers, economic development organizations, and investors use this data to understand local innovation dynamics and support entrepreneurial ecosystems.
Q: Are there update delays or limitations?
A: There may be lags of several months between patent grants and data publication by the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Nicollet County, MN (PATENTCOUNTY27103), retrieved from FRED.