15 Cities With the Most Veteran-Owned Businesses

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Editor’s Notice: This story initially appeared on HireAHelper.

In keeping with the U.S. Department of Veterans Affairs, there are about 19 million veterans residing in America. Many of those individuals who served their nation are beginning companies, joining an increasing number of Americans searching for to turn out to be entrepreneurs after the onset of the COVID-19 pandemic.

For many enterprise homeowners (roughly 64% based on the U.S. Census Bureau’s Annual Business Survey), attaining larger revenue is without doubt one of the main drivers behind proudly owning their companies. That quantity is pretty constant throughout veterans and nonveterans. Apparently although, when evaluating veteran enterprise homeowners to nonveteran homeowners throughout different metrics, there are a couple of notable variations.

In comparison with nonveterans, veteran enterprise homeowners worth being their very own boss, working for themselves, and wanting to start out their very own enterprise extra closely. However, nonveterans usually tend to report having versatile hours and a greater work-life stability as main motivators for enterprise possession.

To find out the areas with probably the most veteran-owned companies, researchers at HireAHelper calculated the share of employer corporations (these companies with paid workers) which can be veteran-owned.

The info used on this evaluation is from the Census Bureau’s 2020 Annual Business Survey and the Census Bureau’s 2020 American Community Survey. Researchers additionally included statistics on the overall variety of veteran-owned corporations, workers and income at these corporations, and the veteran inhabitants share in every location.

Listed here are the main U.S. metropolitan areas with probably the most veteran-owned companies.

15. St. Louis, MO-IL

St. Louis, Missouri
KENNY TONG / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.5%
  • Whole companies which can be veteran-owned: 3,366
  • Staff at veteran-owned companies: 43,677
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 8.2%

14. Birmingham-Hoover, AL

Birmingham, Alabama
Sean Pavone / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.7%
  • Whole companies which can be veteran-owned: 1,325
  • Staff at veteran-owned companies: 10,390
  • Annual income at veteran-owned companies: $1 billion to lower than $5 billion
  • Veteran inhabitants share: 7.4%

13. Cincinnati, OH-KY-IN

Cincinnati
anthony-heflin / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.7%
  • Whole companies which can be veteran-owned: 2,155
  • Staff at veteran-owned companies: 28,780
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 7.1%

12. Tucson, AZ

Tucson
Chris Rubino / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.8%
  • Whole companies which can be veteran-owned: 1,069
  • Staff at veteran-owned companies: 12,395
  • Annual income at veteran-owned companies: $1 billion to lower than $5 billion
  • Veteran inhabitants share: 10.5%

11. Tulsa, OK

Tulsa Oklahoma
Sean Pavone / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.8%
  • Whole companies which can be veteran-owned: 1,293
  • Staff at veteran-owned companies: 12,842
  • Annual income at veteran-owned companies: $1 billion to lower than $5 billion
  • Veteran inhabitants share: 8.2%

10. Windfall-Warwick, RI-MA

Providence, Rhode Island
Nagel Images / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.8%
  • Whole companies which can be veteran-owned: 2,264
  • Staff at veteran-owned companies: 30,279
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 6.2%

9. Charlotte-Harmony-Gastonia, NC-SC

Charlotte North Carolina
Kevin Ruck / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.8%
  • Whole companies which can be veteran-owned: 3,212
  • Staff at veteran-owned companies: 47,519
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 7.0%

8. Richmond, VA

Richmond, Virginia
ESB Skilled / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.9%
  • Whole companies which can be veteran-owned: 1,771
  • Staff at veteran-owned companies: 15,375
  • Annual income at veteran-owned companies: $1 billion to lower than $5 billion
  • Veteran inhabitants share: 8.7%

7. Las Vegas-Henderson-Paradise, NV

Las Vegas by night, with mountains
egd / Shutterstock.com
  • Share of companies which can be veteran-owned: 6.9%
  • Whole companies which can be veteran-owned: 2,578
  • Staff at veteran-owned companies: 37,474
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 8.2%

6. Indianapolis-Carmel-Anderson, IN

Indianapolis
Rudy Balasko / Shutterstock.com
  • Share of companies which can be veteran-owned: 7.1%
  • Whole companies which can be veteran-owned: 2,369
  • Staff at veteran-owned companies: 36,856
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 7.0%

5. Baltimore-Columbia-Towson, MD

Baltimore
f11photo / Shutterstock.com
  • Share of companies which can be veteran-owned: 7.3%
  • Whole companies which can be veteran-owned: 3,766
  • Staff at veteran-owned companies: 53,920
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 7.8%

4. Washington-Arlington-Alexandria, DC-VA-MD-WV

Vietnam Veterans Memorial Wall
Orhan Cam / Shutterstock.com
  • Share of companies which can be veteran-owned: 7.5%
  • Whole companies which can be veteran-owned: 8,351
  • Staff at veteran-owned companies: 125,645
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 8.0%

3. Oklahoma Metropolis, OK

Oklahoma City, Oklahoma traffic highways
Gerson Repreza / Shutterstock.com
  • Share of companies which can be veteran-owned: 8.5%
  • Whole companies which can be veteran-owned: 2,476
  • Staff at veteran-owned companies: 20,790
  • Annual income at veteran-owned companies: $1 billion to lower than $5 billion
  • Veteran inhabitants share: 9.1%

2. Jacksonville, FL

Jacksonville, Florida
ESB Skilled / Shutterstock.com
  • Share of companies which can be veteran-owned: 8.9%
  • Whole companies which can be veteran-owned: 2,626
  • Staff at veteran-owned companies: 34,630
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 12.1%

1. Virginia Seaside-Norfolk-Newport Information, VA-NC

Virginia Beach Virginia Traffic
Khairil Azhar Junos / Shutterstock.com
  • Share of companies which can be veteran-owned: 10.9%
  • Whole companies which can be veteran-owned: 2,905
  • Staff at veteran-owned companies: 43,697
  • Annual income at veteran-owned companies: $5 billion or extra
  • Veteran inhabitants share: 16.0%

Methodology

A man studies financial data at his computer
NicoElNino / Shutterstock.com

The info used on this evaluation is from the U.S. Census Bureau’s 2020 Annual Business Survey and the U.S. Census Bureau’s 2020 American Community Survey. To find out the areas with probably the most veteran-owned companies, researchers at HireAHelper calculated the share of employer corporations (these companies with paid workers) which can be veteran-owned. Within the occasion of a tie, the placement with the larger whole variety of employer corporations which can be veteran-owned was ranked greater. To enhance relevance, solely metropolitan areas with not less than 100,000 residents and out there census information have been included. Moreover, metros have been grouped into cohorts based mostly on inhabitants measurement: small (100,000–349,999), midsize (350,000–999,999), and enormous (1,000,000 or extra).

Disclosure: The data you learn right here is at all times goal. Nevertheless, we typically obtain compensation while you click on hyperlinks inside our tales.

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