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Economic StudiesIssue Briefs

Issue Brief No. 18 – Deconstructing the Change in Veteran Business Ownership

By Office of Advocacy

Veteran-owned businesses are generally owned by older veterans. As they age out of the workforce, the number of veteran firms is decreasing. From 2014 to 2020, veteran ownership declined from 11% of businesses to 8.1% of businesses. At the same time, the composition of veterans is shifting toward women and minority groups.

Read Advocacy’s newest issue brief, which explores the changing demographic trends impacting veteran-owned businesses.

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Issue Brief No. 18 – Deconstructing the Change in Veteran Business Ownership (PDF, 766KB)

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