Entrepreneurship

Advocacy has released its newest infographic spotlighting veteran-owned businesses. Veterans own more than 1.9 million businesses and employ almost 5.5 million Americans. The infographic uses the latest annual Census Bureau data for…

Advocacy has released its newest infographic spotlighting Hispanic-owned businesses. Hispanics own more than 4.5 million businesses and employ over 2.9 million people. Advocacy’s infographics use the most recent Census Bureau data to show…

On August 23, 2023, Deputy Chief Counsel Major Clark testified before the Senate Small Business & Entrepreneurship Committee in a field hearing in Des Moines, Iowa. The hearing topic was “One Size Does Not Fit All: Understanding the…

Advocacy has released its newest infographics spotlighting Asian American and Native Hawaiian and Pacific Islander-owned businesses. Asian-Americans own more than 2.9 million businesses, while Native Hawaiian and Pacific Islanders own…

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…

Immigrant employer ownership increased from 15.08 percent in 2012 to 19.03 percent in 2020. At the same time, the share of foreign-born workers increased from 7.29 percent to 8.6 percent. For most business owner demographic categories, the…

While there are multiple reasons to own a small business, most firm owners cite wanting to be their own boss and making more money as important reasons for owning their own business. Self-employment is mostly driven by opportunity, with…

African Americans are underrepresented among self-employed workers. When African Americans own firms, they are less likely to have employees, operate with less financing, and are more likely to become discouraged enough to forego applying…

Historically, veterans have been more entrepreneurial than non-veterans. However, millennial veterans participate in entrepreneurship at a lower rate than millennial non-veterans.  Important demographic differences exist between …