Oct. 28, 2021 —  The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2020 Annual Business Survey (ABS), which covers reference year 2019, approximately 18.7% (1.1 million) of U.S. employer businesses were minority-owned, veteran-owned businesses made up about 5.7% (331,151) of all businesses.  About 20.9% (1.2 million) of businesses were owned by women.

The ABS is sponsored by the National Center for Science and Engineering Statistics (NCSES) within the National Science Foundation and conducted jointly with the Census Bureau. The ABS measures research and development for microbusinesses, innovation, and technology and provides annual data on select economic and demographic characteristics for businesses and business owners by sex, ethnicity, race and veteran status. Additional data on research and development and innovation will be released by NCSES in the coming months.

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U.S. CENSUS BUREAU STATISTICS
Armed Forces Chamber of Commerce

Additional Highlights:

Receipts

Veteran-owned businesses had an estimated $963.4 billion in receipts.

Employees

Veteran-owned businesses had an estimated 4.0 million employees.

Payroll

Veteran-owned businesses had an estimated $191.6 billion in annual payroll.