Darryl L. DePriest is the seventh presidentially appointed and Senate-confirmed Chief Counsel for the Office of Advocacy.
Prior to joining the Small Business Administration Office of...
American Veterans Own 9 Percent of U.S. Firms
WASHINGTON, D.C. –America’s veterans own 9 percent of all U.S. firms, according to an Advocacy report, Veteran-owned Businesses and their Owners—Data from the Census Bureau’s Survey of Business Owners, released today. The report analyzes data for 2007, the most recent release from the Census Bureau’s Survey of Business Owners (SBO). It finds that more than 90 percent of veteran-owned businesses are small firms with fewer than 20 employees. The study estimates the number of veteran-owned businesses at 2.45 million, employing 5.79 million workers, with sales and receipts of $1.22 trillion.
“America’s veterans are entrepreneurial and highly motivated to create new economic ventures,” said Chief Counsel for Advocacy Winslow Sargeant. “We’re pleased to be able to provide this detailed analysis of veteran-owned businesses.”
Key findings of the study include the following:
Veteran-owned Businesses and their Owners—Data from the Census Bureau’s Survey of Business Owners is on the Advocacy website: http://www.sba.gov/advocacy.
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed and Senate confirmed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. Regional advocates and an office in Washington, D.C., support the Chief Counsel’s efforts. For more information, visit http://www.sba.gov/advocacy, or call (202) 205-6533.