U.S. Granted Utility Patents Originating in Waseca County, MN
PATENTCOUNTY27161 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Waseca County, MN' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office to inventors based in Waseca County, Minnesota. This data provides insights into 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 represents the volume of successful patent applications from Waseca County, which can indicate the level of technological innovation and entrepreneurial activity in the region. Tracking granted patents is a common method for evaluating local and regional innovation trends.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development agencies often use patent data to assess the relative competitiveness and growth potential of local and regional economies.
Key Facts
- Waseca County is home to over 18,000 residents.
- Patents indicate new products, processes, and technologies.
- Patent volume can correlate with economic growth and competitiveness.
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 Waseca County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into regional innovation and technological development, which are important factors for economic growth, competitiveness, and policymaking.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies often use patent data to assess the relative competitiveness and growth potential of local and regional economies.
Q: Are there update delays or limitations?
A: There may be delays in reporting new patent grants, and the data only reflects successful applications rather than all innovation activity.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Waseca County, MN (PATENTCOUNTY27161), retrieved from FRED.