Veteran Facts

  • Veterans make up about 6% of the U.S. population but 13.5% of small business owners—more than twice as much—meaning they over index in entrepreneurship
  • Montana ranks 2nd highest in the Nation for number of veterans per capita and Montana consistently ranks as the best or one of the best States to start a small business.
  • Veterans are 45% more likely than those without prior military service to be self-employed.
  • 1 in every 10 businesses is owned by a veteran—nationally, that’s about 3.7 million; in Montana, that’s about 12,000.
  • Veteran owned small businesses employ about 6 million Americans.
  • Veteran owned small businesses pay wages in excess of $210 billion a year. (Just think of the multiplier effect of those dollars spent in Montana’s local communities!)
  • Veteran owned small businesses generate about $1.1 trillion in receipts annually.
  • And, veteran-owned small businesses produce about $1.7 trillion in GDP annually.