Overview
Veterans have a significant impact on the economy as owners of their own businesses. According to the United States Census Bureau, in 2007, veterans owned about 2.4 million businesses or nine percent of all American businesses. These businesses generated $1.2 trillion in receipts and employed nearly 6 million Americans. In addition, a recent SBA study found that military service exhibits one of the largest marginal effects on self-employment, and veterans are 45% more likely to be self-employed than non-veterans.