U.S. Small Business Administration – Office of Advocacy
Data from the U.S. Census Bureau’s Survey of Business Owners
Businesses owned by veterans and by service-disabled veterans have been a research priority of the U.S. Small Business Administration’s Office of Advocacy since the enactment of the Veterans Entrepreneurship and Small Business Development Act of 1999, Public Law 106-50.
This report continues Advocacy’s ongoing veteran entrepreneurship research program and features data on veteran-owned businesses and their owners. Advocacy believes that good policy requires good information, and it is hoped that the information in this report will help policymakers in government and other stakeholders make more informed decisions.
Executive Summary and Key Statistics
Veteran-Owned Businesses Top level statistics. Census estimated that in 2012:
Veteran-owned employer firms.
•Veteran-owned employers had receipts of $1.049 trillion. They accounted for 91.9 percent of the receipts of all veteran-owned firms.
Veteran-owned firms without employees.
Distribution by industry.
Concentration within industries.
Top industries in terms of sales.
Veteran-owned employer establishment numbers.
Sales and receipts.
•More than half of all veteran-owned firms (55.8 percent) had annual sales of less than $25,000, and over one-third (34.9 percent) had annual sales of less than $10,000. These shares mirrored those for all firms, and they include all firms that reported business income of $1,000 or more in 2012.