Government Impact Advocates
Financial Impact Advocates
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MARCH 1-7
Veteran Charity Impact Advocates
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Average Revenue per Business 💵
Calculation
Total Revenue: $922.2 billion
Number of Businesses: 304,823
Average Revenue per Business: $3.03 million
Formula: Total Revenue ÷ Number of Businesses
📊 Result
Each veteran-owned business generates an average of approximately $3.03 million in revenue annually.💡Insight
This figure highlights the impressive revenue capacity of veteran-owned businesses across the country, underscoring their economic impact and resilience. -
Average Revenue per Business 💵
📐 Calculation
Total Revenue: $922.2 billion
Number of Businesses: 304,823
Average Revenue per Business:$3.03 million
Formula: Total Revenue ÷ Number of Businesses
📊 Result
Each veteran-owned business generates an average of approximately $3.03 million in revenue annually.💡 Insight
This figure highlights the impressive revenue capacity of veteran-owned businesses across the country, showcasing their economic impact and contribution. -
Average Employees per Business 👥
📐 Calculation
Total Employees: 3.3 million
Number of Businesses: 304,823
Average Employees per Business: 11 employees
Formula: Total Employees ÷ Number of Businesses
📊 Result
Each veteran-owned business employs an average of about 11 people.
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Veteran-Owned Business Averages
💵 Average Revenue per Business
$3.03 million
👥 Average Employees per Business
11 employees
📊 Average Payroll per Business
$590,195
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Source: U.S. Census Bureau. (2023, March 16). Annual Business Survey provides data on employer business characteristics. Census.gov. https://www.census.gov/newsroom/press-releases/2023/annual-business-survey-employer-business-characteristics.html
Corporate Business Impact Advocates
Economic Impact: By the Numbers
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MARCH 1-7
