U.S. Granted Utility Patents Originating in Todd County, MN
PATENTCOUNTY27153 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
300.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Todd County, MN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Todd 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 provides insight into the innovation and technological activity occurring within a specific local economy. It is used by economists and policymakers to assess the entrepreneurial dynamism and R&D capacity of different regional markets.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Historical Context
Trends in patenting activity are closely monitored as an indicator of commercial and scientific advancement.
Key Facts
- Todd County is located in central Minnesota.
- Patent grants indicate successful new inventions and technological progress.
- Utility patents cover functional innovations rather than designs or plant varieties.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Todd County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Trends in local patenting activity provide insights into the innovative capacity and technological dynamism of a regional economy, which is of interest to economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Q: How is this trend used in economic policy?
A: Patenting trends are closely monitored as an indicator of commercial and scientific advancement, and can inform economic development strategies and R&D investment decisions.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of patent data due to the time required to process applications, so the most recent figures may not be fully up-to-date.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Todd County, MN (PATENTCOUNTY27153), retrieved from FRED.