U.S. Granted Utility Patents Originating in Stearns County, MN
PATENTCOUNTY27145 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
5.56%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Stearns County, MN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Stearns County, Minnesota. This metric provides insight into the innovation and technological activities in the region.
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 to inventors for new and useful inventions, processes, or machines. The number of utility patents originating from a specific county or region can indicate the levels of innovation, research, and technological development occurring in that area.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported by county of origin.
Historical Context
This trend is used by economists, policymakers, and regional development analysts to assess the innovation capacity and competitiveness of local economies.
Key Facts
- Stearns County is located in central Minnesota.
- The county has a population of over 155,000 as of 2021.
- Patent activity can spur economic growth and job creation.
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 Stearns County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a region can indicate the level of innovation, technological development, and economic competitiveness in that area.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and regional development analysts use this trend to assess the innovation capacity and competitiveness of the local economy in Stearns County, Minnesota.
Q: Are there update delays or limitations?
A: The data may have a delay of several months before being reported, and the county-level granularity may not capture all innovation activity in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Stearns County, MN (PATENTCOUNTY27145), retrieved from FRED.