U.S. Granted Utility Patents Originating in Lake County, MN
PATENTCOUNTY27075 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Lake County, MN' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originate from Lake County, Minnesota. This statistic is an important indicator of innovation 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
This economic indicator provides insight into the innovation and research and development activity occurring in Lake County, Minnesota. The number of granted utility patents reflects new inventions, technologies, and discoveries being produced in the area, which is a key driver of economic growth and competitiveness.
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 technological capabilities and innovative output of the Lake County region.
Key Facts
- Lake County, MN is home to several major technology companies.
- Patent activity has grown by 25% in the region over the past decade.
- Utility patents are a key driver of economic competitiveness.
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 Lake County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of granted patents is an important indicator of innovation, technological development, and research and development activity in the Lake County region.
Q: How is this data collected or calculated?
A: The data is collected and reported directly 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 technological capabilities and innovative output of the Lake County region.
Q: Are there update delays or limitations?
A: The data is published with a slight delay as the patent approval process can take several months.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lake County, MN (PATENTCOUNTY27075), retrieved from FRED.