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Editor’s Observe: This story initially appeared on HireAHelper.
In accordance with the US Division of Veterans Affairs, roughly 19 million veterans dwell in America. Many of those individuals who have served their nation are beginning companies, becoming a member of a rising variety of People seeking to develop into entrepreneurs within the wake of the COVID-19 pandemic.
For many enterprise homeowners (roughly 64% in accordance with the US Census Bureau’s annual enterprise survey), incomes extra earnings is likely one of the prime causes for proudly owning their enterprise. This quantity is pretty fixed amongst veterans and non-veterans. Apparently, nonetheless, there are some notable variations when evaluating skilled enterprise homeowners to non-experienced ones on different metrics.
In comparison with non-veterans, skilled enterprise homeowners value being their very own boss, working for themselves, and constructing their very own enterprise stronger. Alternatively, non-veterans usually tend to cite having versatile hours and a greater work-life stability as key motivators for management.
To find out the places with essentially the most veteran-owned companies, HireAHelper researchers calculated the share of employer corporations (companies with paid workers) which might be owned by veterans.
The information used on this evaluation comes from the Census Bureau’s 2020 Annual Business Survey and the Census Bureau’s 2020 American Group Survey. The researchers additionally included statistics on the whole variety of veteran-owned companies, workers and income at these companies, and the share of veterans at every location.
Listed below are the most important US metro areas with essentially the most veteran-owned companies.
15. St.Louis, MO-IL
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- Share of corporations owned by veterans: 6.5%
- Complete variety of corporations owned by veterans: 3,366
- Staff in Veteran-Owned Firms: 43,677
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 8.2%
14. Birmingham-Hoover, AL
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- Share of corporations owned by veterans: 6.7%
- Complete variety of companies owned by veterans: 1,325
- Staff in Veteran-Owned Firms: 10,390
- Annual gross sales for veteran-owned corporations: $1 billion to lower than $5 billion
- Share of veteran inhabitants: 7.4%
13. Cincinnati, OH-KY-IN
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- Share of corporations owned by veterans: 6.7%
- Complete variety of companies owned by veterans: 2,155
- Staff in Veteran-Owned Firms: 28,780
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 7.1%
12. Tucson, Ariz
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- Share of corporations owned by veterans: 6.8%
- Complete variety of companies owned by veterans: 1,069
- Staff in Veteran-Owned Firms: 12,395
- Annual gross sales for veteran-owned corporations: $1 billion to lower than $5 billion
- Share of veteran inhabitants: 10.5%
11. Tulsa, okay
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- Share of corporations owned by veterans: 6.8%
- Complete variety of corporations owned by veterans: 1,293
- Staff in Veteran-Owned Firms: 12,842
- Annual gross sales for veteran-owned corporations: $1 billion to lower than $5 billion
- Share of veteran inhabitants: 8.2%
10. Windfall-Warwick, RI-MA
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- Share of corporations owned by veterans: 6.8%
- Complete variety of corporations owned by veterans: 2,264
- Staff in Veteran-Owned Firms: 30,279
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 6.2%
9. Charlotte-Harmony-Gastonia, NC-SC
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- Share of corporations owned by veterans: 6.8%
- Complete variety of corporations owned by veterans: 3,212
- Staff in Veteran-Owned Firms: 47,519
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 7.0%
8. Richmond, Va
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- Share of corporations owned by veterans: 6.9%
- Complete variety of companies owned by veterans: 1,771
- Staff in Veteran-Owned Firms: 15,375
- Annual gross sales for veteran-owned corporations: $1 billion to lower than $5 billion
- Share of veteran inhabitants: 8.7%
7. Las Vegas Henderson Paradise, NV
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- Share of corporations owned by veterans: 6.9%
- Complete variety of companies owned by veterans: 2,578
- Staff in Veteran-Owned Firms: 37,474
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 8.2%
6. Indianapolis-Carmel-Anderson, IN
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- Share of corporations owned by veterans: 7.1%
- Complete variety of companies owned by veterans: 2,369
- Staff in Veteran-Owned Firms: 36,856
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 7.0%
5. Baltimore-Columbia-Towson, MD
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- Share of corporations owned by veterans: 7.3%
- Complete variety of Veteran-Owned Companies: 3,766
- Staff in Veteran-Owned Firms: 53,920
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 7.8%
4. Washington-Arlington-Alexandria, DC-VA-MD-WV
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- Share of corporations owned by veterans: 7.5%
- Complete variety of companies owned by veterans: 8,351
- Staff in Veteran-Owned Firms: 125,645
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 8.0%
3. Oklahoma Metropolis, okay
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- Share of corporations owned by veterans: 8.5%
- Complete variety of companies owned by veterans: 2,476
- Staff in Veteran-Owned Firms: 20,790
- Annual gross sales for veteran-owned corporations: $1 billion to lower than $5 billion
- Share of veteran inhabitants: 9.1%
2. Jacksonville, FL
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- Share of corporations owned by veterans: 8.9%
- Complete variety of companies owned by veterans: 2,626
- Staff in Veteran-Owned Firms: 34,630
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 12.1%
1. Virginia Seashore-Norfolk-Newport Information, VA-NC
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- Share of corporations owned by veterans: 10.9%
- Complete variety of companies owned by veterans: 2,905
- Staff in Veteran-Owned Firms: 43,697
- Annual gross sales for veteran-owned corporations: $5 billion or extra
- Share of veteran inhabitants: 16.0%
methodology
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The information used on this evaluation comes from the US Census Bureau’s 2020 Annual Business Survey and the US Census Bureau’s 2020 American Group Survey. To find out the places with essentially the most veteran-owned companies, HireAHelper researchers calculated the share of employer corporations (companies with paid workers) which might be owned by veterans. Within the occasion of a tie, the situation with the higher whole variety of Veteran-Owned Employer Firms is ranked higher. To enhance relevance, solely metropolitan areas with a minimum of 100,000 inhabitants and accessible census information are included. As well as, Metros had been grouped into cohorts based mostly on inhabitants measurement: small (100,000–349,999), medium (350,000–999,999), and enormous (1,000,000 or extra).
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