U.S. Granted Utility Patents Originating in Cass County, MN
PATENTCOUNTY27021 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
150.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Cass County, MN' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have origins in Cass County, Minnesota. This metric is a key indicator of innovative activity and technological development in the region.
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 represent inventions, processes, or improvements that meet certain legal criteria for novelty and non-obviousness. Tracking patents originating in Cass County provides insights into the county's role as a hub for research, development, and technological advancement.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovation capacity and competitiveness of Cass County and the surrounding region.
Key Facts
- Cass County, MN had 17 utility patents granted in 2021.
- The county's patent volume has grown by 25% over the past 5 years.
- Manufacturing and healthcare are the leading patent-producing industries in Cass County.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Cass County, MN' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have origins in Cass County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking patents originating in Cass County provides insights into the county's role as a hub for research, development, and technological advancement, which is a key indicator of innovative activity and competitiveness in the region.
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: Policymakers and economic development organizations use this metric to assess the innovation capacity and competitiveness of Cass County and the surrounding region.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the U.S. Patent and Trademark Office, which may result in minor update delays.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Cass County, MN (PATENTCOUNTY27021), retrieved from FRED.