U.S. Granted Utility Patents Originating in Stevens County, MN
PATENTCOUNTY27149 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Stevens County, MN' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Stevens County, Minnesota. This metric provides insight into the innovative activity and technological development in this local area.
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 new and useful inventions, processes, machines, or compositions of matter. The count of utility patents originating in Stevens County, MN reflects the level of technological innovation and invention occurring within this specific geographic region.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Patent data is widely used by economists, policymakers, and businesses to assess regional innovation and competitiveness.
Key Facts
- Stevens County, MN is home to the University of Minnesota Morris.
- Patent counts are a leading indicator of technological progress.
- Utility patents account for the majority of total U.S. patents granted.
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 Stevens County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides valuable insights into the level of technological innovation and invention occurring within a specific geographic region, which is of interest to economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Patent data is used by economists and policymakers to assess regional innovation and competitiveness, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all patents originating in Stevens County due to limitations in geographic attribution.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Stevens County, MN (PATENTCOUNTY27149), retrieved from FRED.