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Statistics About Our Veterans

Statistics About Our Veterans
May 2015
Category: Business

HOW DO VETERANS CONTRIBUTE TO THE U.S. ECONOMY?
There are approximately 3 million veteran-owned businesses in the United States according to a recent article released by Forbes. These businesses employ 5.7 million people. That equates to $210 billion in annual payrolls and $1.2 trillion in sales. The data suggests that 1 out of 10 American businesses are owned by veterans, making them more likely to be self-employed than the general population. 
 
 VETERANS IN CENTRAL PENNSYLVANIA
The seven counties that make up South Central Pennsylvania (Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, and York Counties) are comprised of 1.9 million people. Approximately 7.6% of the total population are civilians who are 18 years or older and have a "veteran" status (147,546 individuals). 92.9% of the population with a veteran status are males, while 7.1% are females. York County ranks the highest out of the Central Pennsylvania Counties for the total number of veterans (34,528) and the total number of male veterans (32,327), while Lancaster County ranks the highest for total female veterans (2,241).
 
In the most recent American Fact Finder Survey from the U.S. Census Bureau, there were more than 15,000 Central Pennsylvania businesses owned by veterans. (That means that over 20% of the total businesses in Central Pennsylvania are veteran-owned businesses.) These firms employed a total of approximately 40,000 people with an annual payroll of $1.2 billion (average annual salary of $32,276 or $15.52 per hour). According to this information, these businesses also had a total of $6.9 billion in sales (includes total sales, shipments, receipts, revenue, or business done by domestic establishments.)  
 

 
 
The graph above displays the number of Central Pennsylvania businesses owned by veterans and the total number of employees within those businesses. 
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