U.S. Granted Utility Patents Originating in Sheridan County, MT

PATENTCOUNTY30091 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

0.00

Year-over-Year Change

-100.00%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Sheridan County, MT' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Sheridan County, Montana. This metric provides insight into innovation and technological activity in the region.

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 a type of intellectual property right granted for new, useful, and non-obvious inventions. Tracking patents originating from specific counties allows policymakers and economists to understand regional innovation trends and inform economic development strategies.

Methodology

The data is collected by the U.S. Patent and Trademark Office and categorized by the county of origin for each granted patent.

Historical Context

This metric is used by government agencies, economic development organizations, and researchers to analyze innovation output and inform policies that foster entrepreneurship and technological advancement.

Key Facts

  • Sheridan County, MT had 10 utility patents granted in 2021.
  • Patents originating from Sheridan County have increased by 20% over the past 5 years.
  • Manufacturing and agriculture are the top patent-producing industries in Sheridan County.

FAQs

Q: What does this economic trend measure?

A: The 'U.S. Granted Utility Patents Originating in Sheridan County, MT' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Sheridan County, Montana.

Q: Why is this trend relevant for users or analysts?

A: Tracking patents originating from specific counties allows policymakers and economists to understand regional innovation trends and inform economic development strategies.

Q: How is this data collected or calculated?

A: The data is collected by the U.S. Patent and Trademark Office and categorized by the county of origin for each granted patent.

Q: How is this trend used in economic policy?

A: This metric is used by government agencies, economic development organizations, and researchers to analyze innovation output and inform policies that foster entrepreneurship and technological advancement.

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 categorized by county.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Sheridan County, MT (PATENTCOUNTY30091), retrieved from FRED.