My answer to How do veterans help our country?
Answer by Ken Larson:
Image: Nerdwallet .com
“How Veteran-Owned Small Businesses Keep America Strong”
“Veterans are 45 percent more likely than non-veterans to start a small business.
Today, veterans own 2.52 million small businesses — nearly 1 in every 10 — while employing 6 million Americans and generating $1.14 trillion in receipts.
Veteran-owned small businesses have always been a pillar of America’s economy, but they are in a generational decline.
More than 1.1 million veteran business owners are over the age of 65, and in 2014, only 4.5 percent of Post-9/11 veterans started a business, . When considering that nearly half of World War II veterans and 40 percent of Korean War veterans started businesses, the differences are stark.
As an estimated 200,000 service members transition from the military every year, the Small Business Administration knows how imperative it is to connect service members, veterans and military spouses with the tools and resources they need to become business owners — and what the nation risks losing if they don’t.