Veteran-Owned Businesses Numbered More Than 2 Million in 2007

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In 2007, U.S. military veterans owned 2.4 million businesses, which accounted for 9.0 percent of all businesses nationwide, according to the U.S. Census Bureau. These businesses generated $1.2 trillion in receipts, or about 4.1 percent of all business receipts nationwide, and employed nearly 5.8 million people.

All in all, businesses where veterans were majority owners or half-owners numbered 3.7 million, representing 13.5 percent of all businesses nationwide, accounting for more than $1.6 trillion in receipts and employing 8.2 million people.

The new data come from the Survey of Business Owners (SBO): Veteran-Owned Businesses: 2007, which provides the first-ever detailed information for all veteran-owned businesses in the United States, including number of firms, sales and receipts, number of paid employees and annual payroll. Statistics are also shown for nonveteran-owned businesses, as well as for businesses that are equally owned by both veterans and nonveterans.

Nearly one-third of veteran-owned businesses (32.5 percent) operated in the professional, scientific, and technical services and the construction sectors.

More info HERE.

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