U.S. Granted Utility Patents Originating in McHenry County, ND
PATENTCOUNTY38049 • Economic Data from Federal Reserve Economic Data (FRED)
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 McHenry County, ND' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in McHenry County, North Dakota.
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 provides insight into the innovative and entrepreneurial activity occurring in a specific geographic region. Utility patents represent technological advancements, and their distribution can signal a county's economic competitiveness and growth potential.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and economic development agencies use this metric to assess a region's innovation ecosystem and guide strategic investments.
Key Facts
- McHenry County, ND is a rural county with a population of around 5,000.
- The number of utility patents originating from McHenry County has fluctuated between 2 and 10 per year over the past decade.
- Nationwide, the U.S. granted over 300,000 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 were filed by inventors residing in McHenry County, North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative and entrepreneurial activity occurring in a specific geographic region, which can signal a county's 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 and economic development agencies use this metric to assess a region's innovation ecosystem and guide strategic investments.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the small population size of McHenry County means the metric may exhibit volatility from year to year.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in McHenry County, ND (PATENTCOUNTY38049), retrieved from FRED.