U.S. Granted Utility Patents Originating in Red Lake County, MN
PATENTCOUNTY27125 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Red Lake County, MN' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Red Lake 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
Utility patents are a type of intellectual property right granted to inventors for new and useful inventions. This trend provides insight into the innovative activity and technological development occurring within Red Lake County, which can be an important economic indicator for the region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess the inventive capacity and technological competitiveness of local communities.
Key Facts
- Red Lake County, MN is a rural county in northwestern Minnesota.
- Utility patents account for the majority of all patents granted in the U.S.
- Patent activity is a leading indicator of technological and economic development.
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 residing in Red Lake County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in a local community provides insight into its innovative capacity and technological competitiveness, which are important factors for economic development.
Q: How is this data collected or calculated?
A: The data is directly reported 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 inventive activity and technological progress within a region, which can inform targeted investments and programs.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the time a patent is granted and when it is reflected in the reported data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Red Lake County, MN (PATENTCOUNTY27125), retrieved from FRED.