Editor’s Be aware: This story initially appeared on HireAHelper.
In accordance with the U.S. Department of Veterans Affairs, there are about 19 million veterans residing in America. Many of those individuals who served their nation are beginning companies, joining an increasing number of Americans searching for to change into entrepreneurs after the onset of the COVID-19 pandemic.
For many enterprise house owners (roughly 64% in keeping with the U.S. Census Bureau’s Annual Business Survey), attaining larger revenue is likely one of the main drivers behind proudly owning their companies. That quantity is pretty constant throughout veterans and nonveterans. Apparently although, when evaluating veteran enterprise house owners to nonveteran house owners throughout different metrics, there are a number of notable variations.
In comparison with nonveterans, veteran enterprise house owners worth being their very own boss, working for themselves, and wanting to start out their very own enterprise extra closely. Alternatively, nonveterans usually tend to report having versatile hours and a greater work-life steadiness as main motivators for enterprise possession.
To find out the places with probably the most veteran-owned companies, researchers at HireAHelper calculated the share of employer companies (these companies with paid workers) which are veteran-owned.
The information used on this evaluation is from the Census Bureau’s 2020 Annual Business Survey and the Census Bureau’s 2020 American Community Survey. Researchers additionally included statistics on the whole variety of veteran-owned companies, workers and income at these companies, and the veteran inhabitants share in every location.
Listed below are the foremost U.S. metropolitan areas with probably the most veteran-owned companies.
15. St. Louis, MO-IL
- Share of companies which are veteran-owned: 6.5%
- Complete companies which are veteran-owned: 3,366
- Staff at veteran-owned companies: 43,677
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 8.2%
14. Birmingham-Hoover, AL
- Share of companies which are veteran-owned: 6.7%
- Complete companies which are veteran-owned: 1,325
- Staff at veteran-owned companies: 10,390
- Annual income at veteran-owned companies: $1 billion to lower than $5 billion
- Veteran inhabitants share: 7.4%
13. Cincinnati, OH-KY-IN
- Share of companies which are veteran-owned: 6.7%
- Complete companies which are veteran-owned: 2,155
- Staff at veteran-owned companies: 28,780
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 7.1%
12. Tucson, AZ
- Share of companies which are veteran-owned: 6.8%
- Complete companies which are veteran-owned: 1,069
- Staff at veteran-owned companies: 12,395
- Annual income at veteran-owned companies: $1 billion to lower than $5 billion
- Veteran inhabitants share: 10.5%
11. Tulsa, OK
- Share of companies which are veteran-owned: 6.8%
- Complete companies which are veteran-owned: 1,293
- Staff at veteran-owned companies: 12,842
- Annual income at veteran-owned companies: $1 billion to lower than $5 billion
- Veteran inhabitants share: 8.2%
10. Windfall-Warwick, RI-MA
- Share of companies which are veteran-owned: 6.8%
- Complete companies which are veteran-owned: 2,264
- Staff at veteran-owned companies: 30,279
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 6.2%
9. Charlotte-Harmony-Gastonia, NC-SC
- Share of companies which are veteran-owned: 6.8%
- Complete companies which are veteran-owned: 3,212
- Staff at veteran-owned companies: 47,519
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 7.0%
8. Richmond, VA
- Share of companies which are veteran-owned: 6.9%
- Complete companies which are veteran-owned: 1,771
- Staff at veteran-owned companies: 15,375
- Annual income at veteran-owned companies: $1 billion to lower than $5 billion
- Veteran inhabitants share: 8.7%
7. Las Vegas-Henderson-Paradise, NV
- Share of companies which are veteran-owned: 6.9%
- Complete companies which are veteran-owned: 2,578
- Staff at veteran-owned companies: 37,474
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 8.2%
6. Indianapolis-Carmel-Anderson, IN
- Share of companies which are veteran-owned: 7.1%
- Complete companies which are veteran-owned: 2,369
- Staff at veteran-owned companies: 36,856
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 7.0%
5. Baltimore-Columbia-Towson, MD
- Share of companies which are veteran-owned: 7.3%
- Complete companies which are veteran-owned: 3,766
- Staff at veteran-owned companies: 53,920
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 7.8%
4. Washington-Arlington-Alexandria, DC-VA-MD-WV
- Share of companies which are veteran-owned: 7.5%
- Complete companies which are veteran-owned: 8,351
- Staff at veteran-owned companies: 125,645
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 8.0%
3. Oklahoma Metropolis, OK
- Share of companies which are veteran-owned: 8.5%
- Complete companies which are veteran-owned: 2,476
- Staff at veteran-owned companies: 20,790
- Annual income at veteran-owned companies: $1 billion to lower than $5 billion
- Veteran inhabitants share: 9.1%
2. Jacksonville, FL
- Share of companies which are veteran-owned: 8.9%
- Complete companies which are veteran-owned: 2,626
- Staff at veteran-owned companies: 34,630
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 12.1%
1. Virginia Seashore-Norfolk-Newport Information, VA-NC
- Share of companies which are veteran-owned: 10.9%
- Complete companies which are veteran-owned: 2,905
- Staff at veteran-owned companies: 43,697
- Annual income at veteran-owned companies: $5 billion or extra
- Veteran inhabitants share: 16.0%
Methodology
The information used on this evaluation is from the U.S. Census Bureau’s 2020 Annual Business Survey and the U.S. Census Bureau’s 2020 American Community Survey. To find out the places with probably the most veteran-owned companies, researchers at HireAHelper calculated the share of employer companies (these companies with paid workers) which are veteran-owned. Within the occasion of a tie, the placement with the larger complete variety of employer companies which are veteran-owned was ranked larger. To enhance relevance, solely metropolitan areas with not less than 100,000 residents and accessible census information have been included. Moreover, metros have been grouped into cohorts based mostly on inhabitants measurement: small (100,000–349,999), midsize (350,000–999,999), and huge (1,000,000 or extra).
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