U.S. Granted Utility Patents Originating in Turner County, SD
PATENTCOUNTY46125 • 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 Turner County, SD' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have their origin in Turner County, South Dakota. This provides insight into the region's innovation and technological development.
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 a type of patent granted for new and useful inventions, processes, or improvements. Tracking patents originating in a specific county can indicate the local rate of technological innovation and entrepreneurship, which are important economic indicators.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development organizations use this metric to benchmark a region's innovation ecosystem and guide investment decisions.
Key Facts
- Turner County, SD averages 12 utility patents per year.
- Patent activity peaked in 2020 at 18 granted patents.
- The top patenting technology areas are agricultural equipment and medical devices.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Turner County, South Dakota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity in a specific region provides insight into the local rate of technological innovation and entrepreneurship, which are important indicators of economic development.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to benchmark a region's innovation ecosystem and guide investment decisions.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent patent data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Turner County, SD (PATENTCOUNTY46125), retrieved from FRED.