Spotlighting Veterans Day
Veterans Day, formerly known as Armistice Day in the U.S., was established to honor the Veterans who faced the atrocities of World War I. The armistice, a formal agreement by warring parties to stop fighting, ended World War I on November 11, 1918. The following year, Armistice Day was commemorated. However, in 1954, to recognize every soldier from every war, Armistice Day was renamed to Veterans Day. Veterans Day is a federal holiday observed on November 11th each year. In recognition of Veterans Day, please see the information below.
- In 2018, Veterans owned 1,991,716 businesses. Veteran-owned businesses employed 5,267,781 Americans.
- Veteran businesses accounted for 6.4% of all businesses in 2018.
- In 2018, Veterans owned about 1.4 million nonemployer firms, or 5.4% of all nonemployer firms.
- In 2019, Veterans owned about 331,151 employer firms, or about 6% of all U.S. employer firms.
Advocacy outreach and resources:
- Facts About Small Business: Veteran Ownership Statistics
- Deconstructing the Change in Veteran Business Ownership
- Millennial Veteran Entrepreneurship: Research on the Next Generation of Veteran Entrepreneurs
- Frequently Asked Questions About Small Business 2023
On October 24th, Region 8 Advocate John Hart, SBA Regional Administrator Aikta Marcoulier, and the SBA Colorado District staff met with Mayor Yemi Mobolade and Colorado Springs City Council members. They discussed Veteran small business issues and attended a proclamation establishing Veteran’s Small Business Week in Colorado Springs, Colorado.