U.S. Granted Utility Patents Originating in Sanilac County, MI
PATENTCOUNTY26151 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Sanilac County, MI' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Sanilac County, Michigan. This statistic is an important indicator of local innovation and technological activity.
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 insights into the inventive output and technological capabilities within Sanilac County, Michigan. Utility patents are a key measure of commercially viable innovations, and tracking the number of patents originating from a given geographic area can shed light on regional centers of research, development, and entrepreneurship.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and economic development organizations can use this metric to assess Sanilac County's competitiveness and attractiveness for high-tech industries and investment.
Key Facts
- Sanilac County is home to over 40,000 residents.
- In 2021, 25 utility patents were granted to inventors in Sanilac County.
- Patent activity in the county has grown by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Sanilac County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in a given geographic area provides insights into local innovation and technological capabilities, which is valuable information for policymakers, economic development organizations, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations can use this metric to assess Sanilac County's competitiveness and attractiveness for high-tech industries and investment.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Sanilac County, MI (PATENTCOUNTY26151), retrieved from FRED.