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America Counts: Stories Behind the Numbers
A Profile of the Nation’s Veteran-Owned Businesses
Veterans owned about 5.4% or 304,823 of the nation’s 5,681,118 employer businesses with at least one paid employee in 2021, according to the U.S. Census Bureau’s 2022 Annual Business Survey.
The largest share of veteran-owned employer businesses were in the Professional, Scientific and Technical Services sector.
A business is considered veteran-owned if a veteran owns at least 51% of the stock or equity in it. There were also 122,970 firms equally owned by veterans and nonveterans.
Veteran-owned businesses generated $922 billion in revenue, about 5.3% of the total $17.4 trillion of all classifiable employer businesses in 2021.
Continue reading to learn more about:
- The top sectors for veteran-owned businesses
- The characteristics of veteran business owners
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