Wednesday, June 07, 2017

Report Sheds Light on Veteran-Owned Businesses and their Owners

The Office of Advocacy has released a report on veteran-owned businesses. The report gives a detailed profile of this robust business population based on the latest available data, the U.S. Census Bureau’s 2012 Survey of Small Business Owners.

• 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.
• Veteran-owned firms had receipts of $1.14 trillion, employed 5.03 million people, and had an 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.

The report is called Veteran-Owned Businesses and Their Owners: Data from the U.S. Census Bureau’s Survey of Business Owners. It is one of the only large-scale compilations of data on veteran-owned businesses in the United States, and it provides valuable data for analytical and policymaking. The full report (PDF) is available on the Office of Advocacy’s website at and the research summary can be seen here.

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