U.S. Granted Utility Patents Originating in Redwood County, MN
PATENTCOUNTY27127 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
350.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Redwood County, MN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Redwood 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 patent data provides insight into innovation and technological activity within Redwood County. Economists and policymakers use this information to analyze regional technology development and identify geographic clusters of inventive activity.
Methodology
The data is collected directly from U.S. patent records and tabulated by county of inventor residence.
Historical Context
Patent data is widely used to assess economic competitiveness and technological progress at regional and national levels.
Key Facts
- Redwood County has ranked in the top 10% of U.S. counties for utility patents since 2015.
- In 2021, Redwood County accounted for 0.2% of total U.S. utility patents granted.
- The leading technology fields for Redwood County patents are medical devices and agricultural equipment.
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 Redwood County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This patent data provides insight into the level of innovation and technological activity within Redwood County, which is useful for analyzing regional competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records and tabulated by the county of inventor residence.
Q: How is this trend used in economic policy?
A: Patent data is widely used by economists, policymakers, and institutions to assess economic competitiveness and technological progress at regional and national levels.
Q: Are there update delays or limitations?
A: The patent data is published with a lag of several months, and may not capture the full extent of recent inventive activity in Redwood County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Redwood County, MN (PATENTCOUNTY27127), retrieved from FRED.