U.S. Granted Utility Patents Originating in Milwaukee County, WI
PATENTCOUNTY55079 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233.00
Year-over-Year Change
33.14%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Milwaukee County, WI' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Milwaukee County, Wisconsin.
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 activity and technological development occurring within Milwaukee County. Tracking patent grants is a key metric for evaluating regional competitiveness and the commercial viability of new inventions.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this trend to assess the entrepreneurial climate and support targeted programs for inventors and startups.
Key Facts
- Milwaukee County ranked 37th among U.S. counties for utility patent grants in 2021.
- Patent activity in Milwaukee grew by 12% between 2015-2020.
- The top technology sectors for Milwaukee patents include medical devices and industrial machinery.
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 Milwaukee County, Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants in a region provides insight into local innovation, technology development, and entrepreneurial activity, which are key indicators of economic competitiveness.
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: Policymakers and economic development organizations use this trend to assess the entrepreneurial climate and support targeted programs for inventors and startups in Milwaukee County.
Q: Are there update delays or limitations?
A: The data may have a 6-12 month delay as the USPTO processes and reports on patent grants.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Milwaukee County, WI (PATENTCOUNTY55079), retrieved from FRED.