U.S. Granted Utility Patents Originating in Pipestone County, MN
PATENTCOUNTY27117 • 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 Pipestone County, MN' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have origins in Pipestone County, Minnesota. This statistic is an important indicator of innovation and technological development 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
This series measures the volume of utility patents granted to inventors or organizations located in Pipestone County, Minnesota. Utility patents protect the function and design of new inventions, so this data provides insight into the local pace of technological innovation and commercial R&D activity.
Methodology
The data is compiled from administrative records of the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies monitor this metric to assess regional competitiveness and the commercial impact of research and innovation.
Key Facts
- Pipestone County, MN is home to several technology and engineering firms.
- Utility patents protect novel, non-obvious, and useful inventions.
- Patent counts are a common metric used to track regional innovation.
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 that originate from Pipestone County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insight into the pace of technological innovation and R&D activity in a region, which is important for assessing economic competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled from administrative records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies monitor this metric to assess regional innovation and guide investments to promote technological competitiveness.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the administrative process of the patent office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Pipestone County, MN (PATENTCOUNTY27117), retrieved from FRED.