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SBA’s advocacy office report reveals Georgia ranks 6th in veteran-owned business population

May 3, 2017 By Andrew Smith

The Small Business Administration’s Office of Advocacy has released a new 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 more than five million people, and had a combined annual payroll of $195 billion.
  • These firms represent 9.1 percent of all U.S. firms.
  • The three states with the most veteran-owned businesses were California, Texas, and Florida.
  • Georgia ranks 6th among states with the most veteran-owned businesses. According to the report, there are 96,787 veteran-owned firms in Georgia.
  • The three states with the highest percent of veteran-owned businesses in their populations were South Carolina, New Hampshire, and Virginia.  Georgia ranks 16th among the states, with 10.4% of all businesses being veteran-owned businesses.
  • The report shows that in 2012, veteran-owned businesses in Georgia reported sales of $35,745,281.  This means veteran-owned businesses in Georgia ranked 6th in revenues, behind California, Texas, Florida, New York and Pennsylvania.

The report is entitled “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 policy-making.

The full report is available on the Office of Advocacy’s website at https://www.sba.gov/sites/default/files/advocacy/435-veteran-owned-businesses-report.pdf and the research summary can be seen here.

Filed Under: GTPAC News Tagged With: Georgia, SBA, small business, veteran owned business, veterans

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