U.S. Granted Utility Patents Originating in Kanabec County, MN
PATENTCOUNTY27065 • 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 Kanabec County, MN' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors or organizations based in Kanabec County, Minnesota. This statistic is an important indicator of regional innovation and technological development.
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 data series provides insight into the innovative capacity and intellectual property output of Kanabec County, Minnesota. Utility patents are a key measure of technological advancement, as they represent novel and non-obvious inventions with commercial application. Monitoring patent trends can help economists and policymakers assess the county's competitiveness and growth potential.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Patent data is widely used by analysts to evaluate regional economic performance and guide policy decisions around research, development, and commercialization incentives.
Key Facts
- Kanabec County, MN is home to over 16,000 residents.
- Patent grants peaked in Kanabec County in 2018 at 75 utility patents.
- The county's largest industry by employment is manufacturing.
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 originate from inventors or organizations based in Kanabec County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Patent data is a key indicator of regional innovation and technological development, which economists and policymakers use to assess economic competitiveness and growth potential.
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: Patent data is widely used by analysts to evaluate regional economic performance and guide policy decisions around research, development, and commercialization incentives.
Q: Are there update delays or limitations?
A: There may be lags in reporting patent data due to the time required for the application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Kanabec County, MN (PATENTCOUNTY27065), retrieved from FRED.