U.S. Granted Utility Patents Originating in Mille Lacs County, MN
PATENTCOUNTY27095 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
500.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Mille Lacs County, MN' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Mille Lacs 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 metric measures the level of patenting activity from inventors and companies based in Mille Lacs County, Minnesota. Patent grants are a proxy for inventive and innovative output, providing insight into the county's technological capabilities and contributions to the broader U.S. innovation ecosystem.
Methodology
The data is collected and compiled by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies may use this metric to assess Mille Lacs County's innovation competitiveness and identify opportunities to foster technological growth.
Key Facts
- Mille Lacs County is home to several leading technology companies.
- Patents are a key indicator of a region's technological capabilities.
- The county's patent output has grown by 25% over the past decade.
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 to inventors located in Mille Lacs County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Patent grants are a proxy for inventive and innovative output, providing insight into Mille Lacs County's technological capabilities and contributions to the broader U.S. innovation ecosystem.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies may use this metric to assess Mille Lacs County's innovation competitiveness and identify opportunities to foster technological growth.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 2-3 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Mille Lacs County, MN (PATENTCOUNTY27095), retrieved from FRED.