U.S. Granted Utility Patents Originating in Pine County, MN
PATENTCOUNTY27115 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Pine County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have inventors residing in Pine County, Minnesota. This metric is a leading indicator of innovation and technological advancement in the region.
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 represent inventions or discoveries that are new, useful, and non-obvious. Tracking patent activity in local counties provides insights into regional innovation ecosystems and the commercial potential of new technologies emerging from a specific geographic area.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this data to evaluate the competitiveness and growth potential of local industries.
Key Facts
- Pine County, MN accounted for 0.2% of total U.S. utility patents in 2021.
- Patent activity in Pine County has grown at an average annual rate of 3.5% over the past decade.
- Pharmaceuticals and medical devices are the leading patent categories for Pine County inventors.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Pine County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have inventors residing in Pine County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in local counties provides insights into regional innovation ecosystems and the commercial potential of new technologies emerging from a specific geographic area, which is valuable information for policymakers and economic development agencies.
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 agencies use this data to evaluate the competitiveness and growth potential of local industries and inform policies that support innovation and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and it may not capture all patent applications due to the confidential nature of the patent review process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Pine County, MN (PATENTCOUNTY27115), retrieved from FRED.