U.S. Granted Utility Patents Originating in Scott County, MN
PATENTCOUNTY27139 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.00
Year-over-Year Change
57.43%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Scott County, MN' tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Scott County, Minnesota. This metric provides insight into the region's 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
Utility patents are granted for new, useful, and non-obvious inventions. The number of patents originating from a specific county can be used as an indicator of local innovative capacity and entrepreneurial activity in that area.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations often use this metric to assess the innovation ecosystem and competitiveness of a regional economy.
Key Facts
- Scott County, MN is home to several major technology companies and research institutions.
- The number of utility patents granted per capita is a key indicator of a region's innovation capacity.
- Patent data can inform economic development strategies and attract investment to high-tech hubs.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Scott County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of patents originating from a specific county can indicate the local innovative capacity and entrepreneurial activity in that region, which is valuable information for policymakers, economic development organizations, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations often use this metric to assess the innovation ecosystem and competitiveness of a regional economy, which can inform strategies to attract investment and support high-tech industries.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and publication timeline of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Scott County, MN (PATENTCOUNTY27139), retrieved from FRED.