U.S. Granted Utility Patents Originating in Martin County, MN
PATENTCOUNTY27091 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Martin County, MN' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Martin County, Minnesota. This provides insight into 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
Utility patents are the most common type of patent issued in the U.S. and cover the invention of a new and useful process, machine, manufacture, or composition of matter. Tracking the number of utility patents originating from a specific county can indicate the level of technological innovation and invention occurring in that region.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development organizations often use this metric to evaluate an area's innovation ecosystem and competitiveness.
Key Facts
- Martin County, MN had 20 utility patents granted in 2021.
- This was a 5% increase from the previous year.
- The top technology areas for Martin County patents were agriculture and medical devices.
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 located in Martin County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking local patent activity provides insight into the level of technological innovation and invention occurring in a specific region, which is valuable for policymakers and economic development organizations.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to evaluate an area's innovation ecosystem and competitiveness.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Patent and Trademark Office, but there may be a several month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Martin County, MN (PATENTCOUNTY27091), retrieved from FRED.