U.S. Granted Utility Patents Originating in Sherburne County, MN
PATENTCOUNTY27141 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.00
Year-over-Year Change
58.33%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Sherburne County, Minnesota. It serves as an indicator of technological innovation and entrepreneurial activity within the county.
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 patent granted for the invention of a new and useful process, machine, manufacture, or composition of matter. The PATENTCOUNTY27141 series measures the volume of utility patents originating from Sherburne County, providing insight into the county's contribution to technological progress and economic development.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by policymakers, economic development agencies, and researchers to assess Sherburne County's competitiveness and ability to foster innovation-driven growth.
Key Facts
- Sherburne County, MN is home to several leading technology companies.
- Patent activity is a key indicator of a region's technological capabilities.
- The number of utility patents originating in Sherburne County has steadily increased over the past decade.
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 originate from Sherburne County, Minnesota. Utility patents are a key indicator of technological innovation and entrepreneurial activity in the county.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into Sherburne County's technological capabilities and competitiveness. It is used by policymakers, economic development agencies, and researchers to assess the county's ability to foster innovation-driven growth and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economic development agencies to evaluate Sherburne County's performance and guide strategies to promote innovation, entrepreneurship, and technological progress.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the U.S. Patent and Trademark Office, which may result in occasional delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Sherburne County, MN (PATENTCOUNTY27141), retrieved from FRED.