U.S. Granted Utility Patents Originating in Renville County, MN
PATENTCOUNTY27129 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
114.29%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Renville County, MN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Renville 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 the innovative activity and technological progress occurring within Renville County's economy. It is a key metric used by economists and policymakers to assess regional competitiveness and spur economic development initiatives.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Tracking patent activity is crucial for understanding the innovation ecosystem and competitiveness of local economies.
Key Facts
- Renville County is a rural county in west-central Minnesota.
- Patents indicate new inventions and technological advances.
- Utility patents protect functional innovations, not just designs.
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 located in Renville County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into the innovative activity and technological progress occurring within a local economy, which is crucial for understanding regional competitiveness and guiding economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Tracking patent activity is used by economists and policymakers to assess the innovation ecosystem and competitiveness of local and regional economies.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data due to the administrative processes of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Renville County, MN (PATENTCOUNTY27129), retrieved from FRED.