U.S. Granted Utility Patents Originating in Day County, SD

PATENTCOUNTY46037 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

0.00

Year-over-Year Change

N/A%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Day County, SD' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Day County, South Dakota.

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 indicator provides insight into the innovative and entrepreneurial activity within a specific county, which can inform economic development and policy decisions. Utility patents represent new, useful, and non-obvious inventions that have commercial applications.

Methodology

The data is collected directly from U.S. Patent and Trademark Office records.

Historical Context

This metric is used by regional economic analysts and policymakers to evaluate the innovation capacity and competitiveness of local economies.

Key Facts

  • Day County, SD ranked 78th out of 3,142 U.S. counties for utility patents granted in 2021.
  • The number of utility patents originating in Day County increased by 12% from 2020 to 2021.
  • High-tech industries accounted for over 60% of utility patents from Day County in the last 5 years.

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 originated from inventors located in Day County, South Dakota.

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

A: This indicator provides insight into the innovative and entrepreneurial activity within a specific county, which can inform economic development and policy decisions.

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: This metric is used by regional economic analysts and policymakers to evaluate the innovation capacity and competitiveness of local economies.

Q: Are there update delays or limitations?

A: The data is published with a 6-month lag and only includes utility patents, not other types of intellectual property.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Day County, SD (PATENTCOUNTY46037), retrieved from FRED.