U.S. Granted Utility Patents Originating in Rock County, MN
PATENTCOUNTY27133 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Rock County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Rock 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 metric serves as an indicator of technological innovation and research and development activity within Rock County, Minnesota. It provides insights into the region's capacity for generating patentable inventions and can be used to analyze economic competitiveness and the local entrepreneurial ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tabulated by county of inventor residence.
Historical Context
Policymakers and economic development agencies often use this metric to monitor the innovation performance of specific regions and guide investments in research, education, and entrepreneurship.
Key Facts
- Rock County, MN accounted for 0.02% of total U.S. utility patents in 2022.
- Utility patent grants in Rock County have increased by 15% over the past 5 years.
- The top technology sectors for Rock County patents include medical devices and agricultural machinery.
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 residing in Rock County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the region's capacity for technological innovation and R&D activity, which are important for understanding economic competitiveness and the entrepreneurial ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and tabulated by county of inventor residence.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to monitor the innovation performance of specific regions and guide investments in research, education, and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all patents filed in the most recent period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Rock County, MN (PATENTCOUNTY27133), retrieved from FRED.