U.S. Granted Utility Patents Originating in Monroe County, WI
PATENTCOUNTY55081 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
466.67%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Monroe County, WI' trend measures the total number of utility patents issued by the U.S. Patent and Trademark Office to inventors residing in Monroe 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 metric provides insight into the innovative activity and technological development occurring in a specific geographic region. It is a key indicator of local entrepreneurship, research and development, and the commercialization of new inventions and ideas.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tabulated by county.
Historical Context
Policymakers and economic development agencies use this trend to assess the technological competitiveness and innovation capacity of local markets.
Key Facts
- Monroe County, WI ranked 55th out of 3,142 U.S. counties for utility patents in 2021.
- The county averaged 31 utility patents per year from 2017-2021.
- The top patenting industries in Monroe County include manufacturing and agricultural technology.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents issued by the U.S. Patent and Trademark Office to inventors residing in Monroe County, Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative activity and technological development occurring in the Monroe County region, which is a key indicator of local entrepreneurship, R&D, and commercial success.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and tabulated by county.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to assess the technological competitiveness and innovation capacity of the Monroe County market, which informs strategies for supporting local businesses and attracting investment.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in the availability of this data as the USPTO processes and aggregates the patent information.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Monroe County, WI (PATENTCOUNTY55081), retrieved from FRED.