U.S. Granted Utility Patents Originating in Marshall County, MN
PATENTCOUNTY27089 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Marshall County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Marshall County, Minnesota. This metric is a key indicator of local innovation and economic dynamism.
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 granted for new and useful inventions, processes, machines, or compositions of matter. The number of utility patents originating in a specific county reflects the level of innovative activity and entrepreneurship in that local economy. This series provides insights into the comparative innovative capacity of different U.S. regions.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Historical Context
Policymakers and economic development agencies use this metric to benchmark local innovation and target initiatives to support entrepreneurship and technology-driven growth.
Key Facts
- Marshall County, MN accounted for 0.05% of U.S. utility patents in 2021.
- Patent counts in Marshall County have grown by 12% over the past decade.
- The top technology fields for Marshall County patents are agriculture and medical devices.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Marshall County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Marshall County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a specific county reflects the level of innovative activity and entrepreneurship in that local economy, providing insights into the comparative innovative capacity of different U.S. regions.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to benchmark local innovation and target initiatives to support entrepreneurship and technology-driven growth.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically around 6-12 months, and may not capture the most recent patent activity in Marshall County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Marshall County, MN (PATENTCOUNTY27089), retrieved from FRED.