A business is considered veteran-owned if a veteran owns at least 51% of the stock or equity in it. There were also 122,970 firms equally owned by veterans and nonveterans.
This article excludes public firms, nonprofits and firms in which no owner holds at least 10% of the business. The ABS surveys employer businesses and uses their responses to produce data on business ownership.
The comparisons and rankings in this report exclude data that were suppressed for not meeting publication standards. Data pertaining to service-disability status, highest level of education and veteran characteristics are from respondent business owners only and do not represent the total sample.
Veteran-owned businesses generated $922 billion in revenue, about 5.3% of the total $17.4 trillion of all classifiable employer businesses in 2021.