U.S. Granted Utility Patents Originating in Custer County, SD
PATENTCOUNTY46033 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Custer County, SD' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Custer County, South Dakota. This indicator provides insight into the innovative activity and entrepreneurship within a specific geographic region.
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, also known as 'patents for invention', protect the functional aspects of new inventions or improvements to existing technologies. The number of utility patents originating from a particular county can signify the level of technological advancement and R&D activity in that local economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Tracking patent activity in specific counties can inform policymakers and economic development initiatives aimed at fostering innovation and entrepreneurship.
Key Facts
- Custer County, SD had 7 utility patents granted in 2021.
- Patents provide legal protection for new inventions and technologies.
- The U.S. awarded 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 originated from inventors based in Custer County, South Dakota.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a particular county can indicate the level of technological innovation and entrepreneurial activity in that local economy, which is relevant for policymakers, economic development agencies, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Tracking patent activity in specific counties can inform policymakers and economic development initiatives aimed at fostering innovation and entrepreneurship within a regional economy.
Q: Are there update delays or limitations?
A: The data is reported by the U.S. Patent and Trademark Office, and there may be some delays in the availability of the most recent figures.
Similar PATENTCOUNTY Trends
U.S. Granted Utility Patents Originating in Fayette County, IA
PATENTCOUNTY19065
U.S. Granted Patents: Utility Patents Originating in South Dakota
PATENTUSSDUTILITY
U.S. Granted Patents: Plant Patents Originating in Costa Rica
PATENT4NCRPLANT
U.S. Granted Utility Patents Originating in Butte County, CA
PATENTCOUNTY06007
U.S. Granted Utility Patents Originating in Grand Forks, ND-MN (MSA)
PATENTCBSA124220
U.S. Granted Utility Patents Originating in Harford County, MD
PATENTCOUNTY24025
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Custer County, SD (PATENTCOUNTY46033), retrieved from FRED.