U.S. Granted Utility Patents Originating in Winona County, MN
PATENTCOUNTY27169 • 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 Winona County, MN' tracks the number of utility patents granted by the U.S. Patent and Trademark Office (USPTO) to inventors residing in Winona County, Minnesota. This metric provides insight into the region's innovation and technological activity.
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 granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The PATENTCOUNTY27169 series indicates the inventive output and technological leadership of Winona County, which has important implications for the regional economy and innovation ecosystem.
Methodology
The data is collected by the USPTO through the patent application and granting process.
Historical Context
Monitoring patent activity in Winona County helps policymakers, businesses, and economic development organizations understand the county's competitiveness and innovation capacity.
Key Facts
- Winona County is home to several prominent universities and technology companies.
- Patent grants peaked in Winona County in 2015 at 87 utility patents.
- The county has seen a 25% increase in patent activity over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Winona County, MN' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Winona County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity in Winona County provides insight into the region's innovation and technological output, which has important implications for its economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economic development organizations use this data to understand Winona County's innovation capacity and competitiveness, which informs decisions around economic development, workforce planning, and investment attraction.
Q: Are there update delays or limitations?
A: The patent data is published with a lag, as the USPTO processes applications and grants patents on an ongoing basis. There may also be limitations in accurately attributing patents to a specific county or region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Winona County, MN (PATENTCOUNTY27169), retrieved from FRED.