Patents

Definition
The total number of utility patents, also known as "patents for inventions," issued by the U.S. Patent and Trade Office.

Why it matters
High levels of patent production generally indicate an innovative region supported by an educated workforce with a strong capacity to conduct research and development.  

Performance
—In 2011 Racine County produced 10.75 utility patents per 10,000 population, 2.02 percentage points higher than 1998 and higher than the 1.91 percentage point growth nationally. Amongst its peers counties in Southeast Wisconsin has the second highest growth rate of patents production

Benchmark
This indicator contains peer counties as benchmark to place Racine's performance in context. 

Data Source
U.S. Cluster Mapping, Institute for Strategy and Competitiveness, Harvard Business School. Copyright © 2014 President and Fellows of Harvard College. All rights reserved. Research funded in part by the U.S. Department of Commerce, Economic Development Administration.

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