U.S. Granted Utility Patents Originating in Sweet Grass County, MT
This dataset tracks u.s. granted utility patents originating in sweet grass county, mt over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Sweet Grass County, MT' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Sweet Grass County, Montana. This data point is an important indicator of regional 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 economic indicator tracks utility patents, which are a type of intellectual property right granted to inventors of new, useful, and non-obvious inventions. The number of patents originating from a specific county can reveal insights about the local business climate, technical expertise, and investments in research and development.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Historical Context
Policymakers and economic development organizations use this data to assess the innovation capacity and competitiveness of different regions.
Key Facts
- Sweet Grass County, MT had 12 utility patents granted in 2020.
- Patent counts have increased by 20% in Sweet Grass County over the past 5 years.
- The U.S. issued over 350,000 utility patents in 2021.
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 Sweet Grass County, Montana.
Q: Why is this trend relevant for users or analysts?
A: The number of patents originating from a specific county is an important indicator of regional innovation, entrepreneurial activity, and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to assess the innovation capacity and competitiveness of different regions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Sweet Grass County, MT (PATENTCOUNTY30097), retrieved from FRED.