U.S. Granted Utility Patents Originating in Marshall County, SD
PATENTCOUNTY46091 • 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 Marshall County, SD' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originate from Marshall County, South Dakota. This provides insight into the innovative output and technological activity within the local economy.
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 patent granted for new and useful inventions, processes, or improvements. Tracking patents originating from a specific county can indicate the level of innovative activity and technological development in that local area, which is relevant for economic analysis and policymaking.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Historical Context
Policymakers and economic analysts may use this data to assess the innovative capacity and entrepreneurial climate of a particular region.
Key Facts
- Marshall County, SD had 13 utility patents originate from the county in 2021.
- The number of utility patents from Marshall County has increased by 20% over the past 5 years.
- South Dakota ranks 47th among U.S. states for total utility patents issued.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from Marshall County, South Dakota that are granted by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity at the county level provides insights into the innovative capacity and technological development of a local economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and aggregated by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and analysts may use this data to assess the entrepreneurial climate and innovation potential of a specific region, informing economic development strategies.
Q: Are there update delays or limitations?
A: There may be a lag of several months between when patents are issued and when the county-level data is published and made available.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Marshall County, SD (PATENTCOUNTY46091), retrieved from FRED.