U.S. Granted Utility Patents Originating in Benton County, MN
PATENTCOUNTY27009 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Benton County, MN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Benton County, Minnesota. This metric is a key indicator of innovative activity and technological development within the local economy.
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 the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The 'U.S. Granted Utility Patents Originating in Benton County, MN' series tracks this innovative output at the county level, providing insights into regional economic competitiveness and capacity for technological advancement.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is closely monitored by policymakers, economic development agencies, and businesses to assess the innovative climate and technological strengths of local and regional economies.
Key Facts
- Benton County, MN is home to approximately 40,000 residents.
- In 2021, 85 utility patents originated from Benton County, MN.
- The top patenting technology areas in Benton County include computer hardware and software.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Benton County, MN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Benton County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovative capacity and technological development within the Benton County, Minnesota economy, which is of interest to policymakers, economic development agencies, and businesses.
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: This metric is closely monitored by policymakers and economic development agencies to assess the innovative climate and technological strengths of the local and regional economy, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a delay, as it takes time for the U.S. Patent and Trademark Office to process and report on granted patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Benton County, MN (PATENTCOUNTY27009), retrieved from FRED.