Startup Success: Veteran-Owned Businesses Are Gaining Traction With Investors | Forbes:
Via nycpriority1:
We all proudly read the news about the work veterans do protecting our country. However, what often doesn’t make the news is the impact these heroes have on the business world.
Check out these statistics which belie their contributions to the startup ecosystem as the nation celebrates National Veterans Small Business Week and Veteran’s Day:
- 3 million: The number of businesses veterans run in the United States
- 5.7 million: The number of people employed by veterans, which equates to $210 billion in annual payroll and $1.2 trillion in sales
- 30%: The portion of all American businesses owned by veterans; interestingly, while veterans make up only 8% of the U.S. population, they are twice as likely to own a business as the general population
- 7%: The number of businesses owned by veterans still open after 10 years; according to the Small Business Administration, compared to one-third of all businesses that survive 10 years or more.
