U.S. Granted Utility Patents Originating in Clay County, MN
PATENTCOUNTY27027 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
171.43%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Clay County, MN' tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Clay County, Minnesota. This metric is a key indicator of innovation and technological progress 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 are granted for new, useful, and non-obvious inventions. The number of patents originating from a local area reflects the level of research, development, and entrepreneurial activity in that region. This data provides insight into the innovative capacity and technological competitiveness of Clay County's economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic origin of each granted utility patent.
Historical Context
Policymakers and economic development organizations use this metric to benchmark regional innovation and guide investment strategies.
Key Facts
- Clay County, MN is home to several major research institutions.
- Patent activity is concentrated in the medical device and agricultural technology sectors.
- The region has seen a steady increase in patent grants over the past decade.
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 originate from Clay County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of patents granted in a region is a key indicator of innovation, technological progress, and economic competitiveness. This data provides insights into the research, development, and entrepreneurial activity in Clay County.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic origin of each granted utility patent.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to benchmark regional innovation and guide investment strategies to support technological advancement and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is published with a lag, 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 Clay County, MN (PATENTCOUNTY27027), retrieved from FRED.