Hi everyone!
The U.S. Small Business Administration Office of Advocacy recently published a report with stats about Veteran-owned businesses. After reading through some of it, I wanted to share some highlights - props to all our Veterans out there starting and running businesses and thank you for your service!
A few interesting facts from the report:
- In 2012, the United States had 21.2 million veterans, and 2.52 million businesses were majority-owned by veterans.
- Almost all of veteran-owned businesses (99.9 percent) were small businesses - 54% with 1-4 employees.🚶🚶🚶🚶
- Veteran-owned firms had receipts of $1.14 trillion, employed 5.03 million people, and had annual payroll of $195 billion. 👏
- These firms represented 9.1 percent of all U.S. firms. 🏆
- The three states with the most veteran-owned businesses were California, Texas, and Florida.
- The three states with the highest percent of veteran-owned businesses in their populations were South Carolina, New Hampshire, and Virginia.
Do we have any veterans here in the Seller Community? Tell us about your business in the comments below! 👋
