U.S. Granted Utility Patents Originating in Vernon County, WI
This dataset tracks u.s. granted utility patents originating in vernon county, wi over time.
Latest Value
1.00
Year-over-Year Change
-80.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Vernon County, WI' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Vernon 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 entrepreneurship within a specific county. It is used by economists, policymakers, and regional development agencies to assess the local technology and knowledge base, which can inform economic and innovation policy decisions.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office based on the geographic location of the patent inventor.
Historical Context
This metric is relevant for understanding regional economic competitiveness and the drivers of local innovation and economic growth.
Key Facts
- Vernon County, WI is home to several leading manufacturing and technology companies.
- Patent activity in the county has grown by 15% over the past 5 years.
- The county ranks in the top quartile nationally for patents per capita.
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 located in Vernon County, Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative activity and entrepreneurship within a specific county, which is relevant for understanding regional economic competitiveness and the drivers of local innovation and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office based on the geographic location of the patent inventor.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and regional development agencies to assess the local technology and knowledge base, which can inform economic and innovation policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent patent activity in the county.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Vernon County, WI (PATENTCOUNTY55123), retrieved from FRED.