What's Happening?
Veterans are increasingly becoming successful entrepreneurs, leveraging skills acquired during military service. With 1.9 million veteran-owned businesses generating $1.3 trillion annually and employing over 5 million Americans, veterans are a significant
force in the U.S. economy. Traits such as discipline, adaptability, and leadership, honed during military service, are key factors in their entrepreneurial success. Programs like the SBA’s Veterans Business Outreach Centers provide support, helping veterans transition into business ownership.
Why It's Important?
Veteran entrepreneurship plays a crucial role in the U.S. economy, providing jobs and contributing to economic growth. The unique skills veterans bring to business, such as mission focus and decision-making under pressure, offer a competitive edge. Supporting veteran entrepreneurs not only aids in their transition to civilian life but also strengthens local communities and the national economy. As women veterans emerge as a fast-growing segment, this trend also highlights the increasing diversity within veteran entrepreneurship.
