U.S. Granted Utility Patents Originating in Ravalli County, MT
This dataset tracks u.s. granted utility patents originating in ravalli county, mt over time.
Latest Value
3.00
Year-over-Year Change
-66.67%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Ravalli County, MT' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated in Ravalli County, Montana. This metric is an important indicator of local innovation and entrepreneurial 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
This data series tracks the number of utility patents granted annually for inventions and innovations that were filed by residents or companies located in Ravalli County, Montana. Utility patents protect new and useful processes, machines, articles of manufacture, or compositions of matter. Monitoring patent activity is valuable for understanding regional economic development and assessing the competitiveness of local industries.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Patent data is widely used by policymakers, researchers, and economic development organizations to evaluate innovation and entrepreneurship at the local and regional level.
Key Facts
- Ravalli County, MT is home to over 42,000 residents.
- In 2021, 53 utility patents were granted for inventions originating in Ravalli County.
- The top patent-producing industries in Ravalli County include software, medical devices, and outdoor recreation equipment.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Ravalli County, MT' trend measures the number of utility patents granted annually for inventions and innovations filed by residents or companies located in Ravalli County, Montana.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity is valuable for understanding regional economic development and assessing the competitiveness of local industries. Patent data is widely used by policymakers, researchers, and economic development organizations to evaluate innovation and entrepreneurship at the local and regional level.
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 policymakers, researchers, and economic development organizations to evaluate innovation and entrepreneurship at the local and regional level, informing decisions around economic development, workforce training, and support for small businesses and startups.
Q: Are there update delays or limitations?
A: There may be a 1-2 year delay in the availability of the most recent patent data due to the time required for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Ravalli County, MT (PATENTCOUNTY30081), retrieved from FRED.