U.S. Granted Utility Patents Originating in Rice County, MN
PATENTCOUNTY27131 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.00
Year-over-Year Change
218.18%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Rice County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors residing in Rice County, Minnesota.
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 innovative activity and technological development occurring within a specific geographic area. The data can be used by policymakers, economic development officials, and researchers to analyze trends in local entrepreneurship and R&D investment.
Methodology
The U.S. Patent and Trademark Office collects and reports patent application and grant data at the county level.
Historical Context
This metric is often used to benchmark a region's competitiveness and capacity for technological innovation.
Key Facts
- Rice County is home to several major research universities and technology companies.
- Granted utility patents are a key indicator of commercializable innovations.
- Patent data can signal a region's R&D investments and STEM talent pool.
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 residing in Rice County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of granted patents is a key indicator of innovative activity and technological development within a specific geographic area, which is useful for policymakers, economic development officials, and researchers.
Q: How is this data collected or calculated?
A: The U.S. Patent and Trademark Office collects and reports patent application and grant data at the county level.
Q: How is this trend used in economic policy?
A: This metric is often used to benchmark a region's competitiveness and capacity for technological innovation, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required for patent applications to be processed and granted by the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Rice County, MN (PATENTCOUNTY27131), retrieved from FRED.