U.S. Granted Utility Patents Originating in Pope County, MN
PATENTCOUNTY27121 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
400.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Pope County, MN' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originated from inventors or companies located in Pope County, Minnesota.
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 provides insight into the innovative activity and technological development occurring within a specific geographic region. Utility patents represent inventions that meet certain legal criteria and are a key indicator of entrepreneurship and commercial viability.
Methodology
The data is collected through the official records of the U.S. Patent and Trademark Office.
Historical Context
Economists and policymakers monitor this trend to assess the innovation ecosystem and competitiveness of local economies.
Key Facts
- Pope County, MN is home to approximately 11,000 residents.
- In 2021, 17 utility patents originated from Pope County.
- Patent activity in the county has grown by 8% annually over the past decade.
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 originated from inventors or companies located in Pope County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation, entrepreneurship, and technological development within a geographic region. Monitoring this trend provides insights into the competitiveness and economic potential of the local economy.
Q: How is this data collected or calculated?
A: The data is collected directly from the official records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this metric to assess the innovation ecosystem and develop strategies to support local entrepreneurship and technological advancement.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, as it relies on the official patent records from the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Pope County, MN (PATENTCOUNTY27121), retrieved from FRED.