Corporate Business Impact Advocates
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Reiss-Davis Graduate School
“Reiss-Davis Graduate School recognizes National Invest in Veterans Week (March 1-7, 2023). We asked noted veterans advocate and editor-in-chief of the Journal of Veterans Studies, Mariana Grohowski, PhD, to share her thoughts on advancing the cause of veterans and their families.”
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Military Family Research Institute
“The first week of March is National Invest in #Veterans Week, designed to support the efforts of veterans building lives for themselves and their families through their work and businesses.”
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EnergyUnited
“Today marks the final day of Invest In Veterans Week, and we want to take a moment to recognize the important work being done by Purple Heart Homes. Founded in 2008, Purple Heart Homes is a non-profit organization that works to provide housing solutions to veterans and their families who are in need.”
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Cintas Corporation
“It's National Invest in Veterans Week! At Cintas we are proud to be a Top Veteran-Friendly Company and are committed to recruiting military talent. For all the sacrifices they have made, we are dedicated to providing opportunities for Veterans to succeed.”
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Gary/Chicago International Airport
“Happy #NationalInvestInVeteransWeek! Back in November, GYY received the prestigious HIRE Vets Medallion Award, an honor bestowed by the @USDOL for our efforts to create jobs that recruit, employ and retain veterans’ who have served our country!”
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Armed Forces Vacation Club
"#DidYouKnow it's National Invest In Veterans Week? National Invest In Veterans Week is observed every year from March 1 through March 7. This is a week where we support and honor aspiring and established veteran business owners!”
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Columbia Gas of Ohio
“We're proud to support our veterans, and especially those on our team! #InvestinVeteransWeek is a good reminder to invest in veterans after all they've invested in our country.”
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National Academy of Sciences
“#DYK It’s #NationalInvestinVeteransWeek! In this touching #TheScienceBehindIt video, meet Ray, Casey, and Raymond as they share their coming home stories and talk about the challenges facing millions of veterans.”
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Waubonsee Community College
“#Waubonsee is proud to serve those students who have served our country, and we'll do everything we can to streamline the process, start you on the right foot, and support your endeavors every step of the way. #NationalInvestInVeteransWeek”
Vetrepreneur Intelligence
When public officials stand up for veteran-owned business, what happens to them at the ballot box?
Advocates vs. every incumbent in the same races
Each pair compares Invest In Veterans Week advocates with all incumbents who sought reelection to the same body in the same year. Bars start at 0%.
South Carolina's whole 124-member House co-sponsored H. 3825, so its sponsors and its incumbents are nearly the same people; that pair shows no penalty but cannot show a lift. The 2022 U.S. House pair is marked "same era" because the Advocate Atlas posts are undated (2019 to 2023), so those races may have come before the posts.
Verification lab
Observed vs. expected wins
Expected wins apply each race's baseline rate to every advocate race. A big gap would point to an advocate effect.
Proof meter
Comparable races are advocate races outside the South Carolina House, where most incumbents are not advocates and so form a real comparison group.
Sample size to detect a 3-point lift over a 94% baseline (one-sided 5% test, 80% power).
Where advocates lose
Reelection losses by South Carolina sponsors. Most came in party primaries, not general elections.
Leadership reach
Where advocates sit now. These posts shape veteran and small-business policy, procurement and defense spending.
Advocate tracker: in and out of office
Every elected official on record outside the South Carolina roll call, plus four South Carolina sponsors who changed roles. Star an advocate to build your own watch list on this device.
From support to the ballot box
Each row is one advocate. The gold mark is the dated show of support (a faint bar where the Advocate Atlas post is undated, 2019 to 2023). Circles are later races; a hollow ring is a race on the Nov 3, 2026 ballot.
Election Day watch: November 3, 2026
Advocates on the ballot
Who is on the ballot outside the SC House
| Advocate | Race |
|---|
How big they win
Vote share in each advocate's latest win
General elections, except Douglas County, where a commissioner who tops 50% in May wins outright. The darker line marks 50%.
Votes won
Votes each advocate received in their latest winning general election. South Carolina House sponsors are not included.
South Carolina: all 124 sponsors of H. 3825
On February 4, 2021, the full South Carolina House (81 Republicans and 43 Democrats) co-sponsored the concurrent resolution celebrating National Invest In Veterans Week with the Lexington Chamber. The Senate adopted it on February 11, 2021 by voice, without a roll call. Each dot is one sponsor; hover or tap for the record.
2026 status of the 75 still serving
Sponsors still holding a House seat
Full roster
| Sponsor | Record |
|---|
Where the advocates are
Who they are
Party as listed in public election records. Nebraska's Legislature and Oregon county boards are nonpartisan. Veteran status from public biographies.
Add an advocate
Know an official who proclaimed the week, sponsored a resolution or spoke for it on the record? Send it in. Each new advocate adds another race to the proof meter.
Send to info@investinveteransweek.com
If the email link does nothing, copy the message and the address.
Method and definitions
- Advocate
- An elected or appointed official who put National Invest In Veterans Week on the public record: a proclamation, a resolution, a floor statement, an official post or an on-air feature.
- Reelection bid
- An incumbent seeking the same office after a dated show of support. A primary loss counts as a loss. Bids for a different office are tracked separately as higher-office bids.
- Same era
- Races held while the support date is unknown. Advocate Atlas posts span 2019 to 2023 without dates, so only races from 2024 on count for those advocates.
- Baseline
- All incumbents who sought reelection to the same body that year: SC House (Ballotpedia), U.S. House (Brookings Vital Statistics; Princeton), state legislators and state executives nationwide (Ballotpedia).
- Expected wins
- The sum of each race's baseline win rate. The z-score compares observed and expected wins using the variance of independent races.
- Proof meter
- Comparable races divided by the sample needed to detect a 3-point lift over a 94% baseline at 5% significance and 80% power.
- SI (Super Intelligence)
- A public intelligence system built from government datasets and documentary evidence, with analytical interfaces layered over the data.
Sources: SC H. 3825 (2021); SC State House member pages and 2026 resolutions H. 5627, 5629, 5631; Ballotpedia candidate and election pages (SC House 2022, 2024, 2026; U.S. House members; state legislators); Wikipedia election pages (2026 SC House; SC governor 2026; MT governor and secretary of state 2024; MI attorney general 2022; IN Senate 2022; OK governor 2022; WA lands commissioner 2024; MD attorney general 2026; PA Senate 2026); Congressional Record H1049; mast.house.gov; KQEN and The News-Review; Montana Governor's proclamations 2023 to 2026; Montana Free Press; Utah News Dispatch; newhouse.house.gov; Fox News, Mar 5, 2023; war.gov; Ripon Forum, Veterans Day 2025; Brookings Vital Statistics on Congress; Princeton JPIA; Ballotpedia News incumbency reports; Invest In Veterans Week Advocate Atlas.
Compiled October 22, 2026. Nonpartisan record of public facts. Not affiliated with or endorsed by any official listed, and not an endorsement of any candidate. Correlation is not causation. Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week® · Content CC BY 4.0, Jeff Shuford · veteranbusiness.si
Veteran Owner Diversity Datasets
One in four SBA-certified veteran businesses is Black-owned. One in eight is woman-owned. More than 600 carry a Native American, Alaska Native or Native Hawaiian designation. This release connects those owners across SBA, Federal Reserve, Census, FINRA and IVMF evidence.
Certification is where these owners show up
Share of SBA VetCert certified veteran firms (snapshot 2026-10-04) divided by the same group's share of majority veteran-owned employer firms in the Federal Reserve's 2024 Small Business Credit Survey, which is weighted to the Census Annual Business Survey. A ratio of 1.0 means the same share in both.
The two numbers behind each ratio
| Owner group | Certified firms | Employer firms | Ratio |
|---|
The populations differ: VetCert includes firms without employees and uses self-reported tags; the survey covers employer firms only. The gap is still large enough to matter.
Connections across the datasets
Each card joins a figure from the certified-firm export with a figure from another source.
Certification fingerprint
Share of each group's firms holding each certification or designation. Darker cells are higher within each column.
Program gaps
Who holds two identities
Overlap among women-owned certified veteran firms.
Founding waves
Share of each founding year, certified firms
Firms certified today, grouped by the year they were established. Hover for counts.
Census: veteran employer firms, 2017 to 2020
Change in firm counts by owner group, from the Annual Business Survey as reported by SBA Advocacy.
Women's share of veteran employer firms rose from 3.8% to 4.4%; minority ownership rose from 10.4% to 13.3%.
Where they are
Top states
Top congressional districts
| District | Group firms | All firms | Share |
|---|
What they sell
Capability index: the group's share of firms in each line of work divided by the share for all certified firms. Keyword estimates from names and narratives.
How they are built and how visible they are
Legal structure
Visibility to buyers
Share of firms that publish each item, or hide it, in their public SBA profile.
Capital and resilience context
These sources describe all small employer firms or all veterans, not only certified veteran firms. They show the financing conditions the same owner groups face.
Fully approved for loans, lines of credit or cash advances
Small employer firms that applied, by owner race. Federal Reserve SBCS.
Relied on personal savings, friends or family
Small employer firms, past five years, 2022 survey.
Veteran financial resilience
Share of each FINRA Foundation resilience segment that is female or non-white, veterans, 2024.
Evidence crosswalk
| ID | Finding | Value | Population and period | Source |
|---|
Dataset catalog
Five datasets, each with a CSV file and a combined JSON file. Free to use with attribution under CC BY 4.0.
Cite this release
Method and definitions
- Source file
- SBA VetCert certified-firm export, snapshot 2026-10-04: 42,114 firms with active Veteran-Owned Small Business certification; 34,319 list a public location.
- Black-owned
- Profile carries the self-certification tag Black American Owned.
- Women-owned
- Tag Woman-Owned Business, Women-Owned Small Business or Economically Disadvantaged Women-Owned Small Business, or an active or pending WOSB or EDWOSB certification.
- Native-owned
- Any of these tags: American Indian Owned, Native American Owned, Native Hawaiian Organization Owned Firm, Indian Tribe (Federally Recognized), Tribally Owned Firm, Alaskan Native Corporation Firm, Indian Economic Enterprise, Indian Small Business Economic Enterprise.
- Location quotient
- A group's share of firms in a state divided by its share nationally. Above 1.0 means more concentrated than the nation. Computed for states with 20 or more firms and 5 or more group firms.
- Capability index
- A group's share of classified firms in a line of work divided by the share for all firms. Lines of work come from keyword matches on firm names, trade names and narratives; a firm can match several.
- Suppression
- Counts under 5 appear as <5 and their shares are withheld. No firm, owner or person is named anywhere in these datasets.
- Limits
- Tags are self-reported. Groups overlap. Founding-year figures describe firms certified today, not every firm ever started. Benchmarks from other sources cover different populations and years.
- SI (Super Intelligence)
- A public intelligence system built from government datasets and documentary evidence, with analytical interfaces layered over the data.
Sources: SBA VetCert certified-firm directory export (2026-10-04); Federal Reserve Banks, 2025 Firms in Focus: Chartbook on Veteran-owned Firms (2024 SBCS), pp. 50-51; Federal Reserve Banks, 2023 Report on Employer Firms (2022 SBCS), pp. 17-18; SBA Office of Advocacy, Issue Brief 18, Deconstructing the Change in Veteran Business Ownership (2023); GAO-25-107561, Financial Literacy and Small Business Lending (Sept 2025); FINRA Investor Education Foundation, The Financial Resilience of U.S. Veterans (May 2026); IVMF Research Review on Deming, Carpenter and Anders, Journal of Entrepreneurship and Public Policy (2025).
Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week® · Data and text CC BY 4.0, Jeff Shuford · veteranbusiness.si
Veteran Founder Relocation Index
Where should a veteran or military spouse launch a business? This index ranks all 50 states on comrades, certified peers, momentum, defense demand, broadband, taxes, veteran jobs, military spouses and Invest In Veterans Week support. Pick a founder profile or set your own weights.
Set your own weights
Each factor is a percentile from 0 (lowest state) to 100 (highest). The index is the weighted average of the factors with data. Set a weight to 0 to ignore a factor.
Ranking
Index map
Montana: the Invest In Veterans Week four-peat
Gov. Greg Gianforte proclaimed Invest in Veterans Week four years running. Montana's congressman entered it in the Congressional Record, and a veteran state legislator who backed it now runs the state Commerce Department. Montana ranks first on official support, first for rural builders and near the top for veteran share, veteran jobs and new-firm momentum.
Montana's factor percentiles
Gold bar: Montana. Tick: the 50-state median, which is 50 by construction.
Montana's rank under each founder profile
Montana's gap is broadband: 92.7% of households, 43rd of 50. Closing it would lift every profile.
Comrades: where the veterans are
Most veterans
Veterans 18 and over, thousands (BLS, 2025 annual averages).
Highest veteran share
Veterans as a share of the civilian population (Census ACS, 2023).
Veteran unemployment
Lowest and highest published rates, 2025. Eight states fall below BLS publication standards.
Peers and momentum: certified veteran-owned businesses
Certified VOBs per 1,000 veterans
SBA VetCert firms with a public location (2026-10-04) per thousand veterans. More peers means more teaming partners, and more competition.
Momentum: share founded 2021 or later
States where today's certified firms are youngest.
Veterans vs. certified firms
Each dot is a state, log scales. Above the line: more certified firms than the national ratio predicts.
Invest In Veterans Week support by state
Points for each official action on record: governor proclamation 3, legislature resolution adopted 6 or introduced 3, Congressional Record entry 2, statewide official or county proclamation 2, member of Congress, legislator or county official message 1, governor mention 1.
Support points
Actions on record
| State | Year | Action | Pts |
|---|
Rural business and broadband
Broadband vs. rural signal
X: households with broadband and a device (ACS 2024). Y: certified firms with no recorded metro area, a rural signal that also includes some missing entries (DC, fully urban, shows 20%).
Lowest broadband states
Where an online-first veteran business faces the weakest home connectivity.
Military spouses: measurable talent, mobile careers
Military spouses bring degrees, licenses and remote-ready skills, and carry moves, child care and caregiving. These measures show what a spouse founder brings and what slows them down.
Spouse education
Highest education of active duty spouses, 2024 survey.
Career and family load
Most military spouses
Active duty and Guard/Reserve spouses by state, 2023.
Spouse founder states
Most military spouses per 1,000 residents, with household broadband for remote work.
| State | Spouses per 1,000 | Broadband | Spouses per certified VOB |
|---|
Find states for your trade
Most certified firms
Highest share of the state's firms
Share among states with 50 or more certified firms. Keyword estimates from firm names and narratives.
Evidence crosswalk
| ID | Finding | Value | Period | Source |
|---|
Dataset catalog
Ten datasets joined on state, plus one combined JSON file and a zip of every CSV. Free to use with attribution under CC BY 4.0.
Cite this release
Method and definitions
- Percentile
- A state's position among the 50 states on one factor, from 0 to 100. Ties share a position. For veteran unemployment, lower rates score higher.
- Index
- Weighted average of factor percentiles with data. States missing a factor are scored on the others. The District of Columbia is excluded because several sources do not report it.
- Comrades
- Veteran count (BLS Current Population Survey, 2025 annual averages over 11 months) and veteran share of the civilian population (Census ACS 2023 five-year).
- Defense demand
- Active duty personnel per 1,000 residents (December 2023), a proxy for installation buying and military families nearby.
- Taxes
- 70 points for no state tax on wages (AK, FL, NV, NH, SD, TN, TX, WA, WY) and 30 for no statewide sales tax (AK, DE, MT, NH, OR).
- Rural signal
- Share of certified firms with no metropolitan area recorded in the SBA export. It mixes rural firms with missing entries, so read it as relative, not absolute.
- NIVW support
- Points for official actions on record, listed in the support dataset. It measures public support for the week, not policy quality.
- Limits
- Sources cover different years (2022 to 2026). Certified firms are a subset of all veteran-owned businesses. The index is a planning aid, not advice to move; costs, family and markets vary by city.
- SI (Super Intelligence)
- A public intelligence system built from government datasets and documentary evidence, with analytical interfaces layered over the data.
Sources: SBA VetCert certified-firm export (2026-10-04); BLS Table 6A, Employment status of veterans by state, 2025; Census ACS 2023 five-year via CensusDepth; Census ACS 2024 one-year via America's Health Rankings; Military Officers Association of America state demographics (DoD active duty Dec 2023, DoD retirees Jan 2023, population 2024); 2023 Demographics Profile spouse counts; DoD Office of People Analytics, 2024 Active Duty Spouse Survey; RAND Corporation (2024); U.S. Military Spouse Chamber of Commerce via Air & Space Forces Magazine; IVMF; VA Office of Rural Health via We Honor Veterans; FCC via Benton Institute; Montana Governor's proclamations 2023 to 2026; Congressional Record H1049; SC H. 3825; PA SR 234; Advocate Atlas.
Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week® · Data and text CC BY 4.0, Jeff Shuford · veteranbusiness.si
Government Impact Advocates
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Pennsylvania Department of Agriculture
“In celebration of National Invest in Veterans Week, the Bucknell SBDC recognizes Robert Showers, founder of Abe's Custom Woodworking.”
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Lexington Chamber
"𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘃𝗲𝘀𝘁 𝗜𝗻 𝗩𝗲𝘁𝗲𝗿𝗮𝗻𝘀 𝗪𝗲𝗲𝗸 𝗵𝗮𝘀 𝗼𝗳𝗳𝗶𝗰𝗶𝗮𝗹𝗹𝘆 𝗯𝗲𝗴𝘂𝗻! This week is all about honoring aspiring and established veteran business owners and their contributions to the economy.”
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Wyoming Department of Workforce Services
“#NationalInvestInVeteransWeek: March 1-7 is National Invest In Veterans Week. This is a week-long celebration to honor the men and women who have selflessly served our country and now lead in business.”
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PA Department of Labor & Industry
“This week is #NationalInvestInVeteransWeek! #Pennsylvania offers many resources that allow veterans to build their skill sets + transition to civilian life.”
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South Dakota Department of Labor and Regulation
“National Invest In Veterans Week March 1 - 7th is a Veteran-owned, award-winning social impact organization dedicated to advocating for Veteran entrepreneurs nationwide.”
SIGNAL_CLARITY // MONTANA_FEED
FILTERING NOISE... ISOLATING SUPPORT SIGNALS"Veteran small business owners like Joseph are critical to Montana. That's why we're committed to tearing down barriers to opportunity for our veterans as they invest in our communities."
MISSION: Removing Barriers
"God bless his efforts. God bless you Governor Gianforte."
"Can we do something about businesses not honoring veterans preference when hiring?? It’s still the good old boys club with unfair hiring practices."
"Did you also notice last month reversed the trend with a 15 year high in recruiting? Veterans know."
Jeff Shuford: Published Works, 2018 to 2026
An open index of the articles and columns Muck Rack lists under Jeff Shuford's byline from 2018 onward, by outlet, year and topic. Titles and outlets only. Free to use with attribution under CC BY 4.0.
Works by year
Works by outlet
Works by topic
Every work
| ID | Title | Outlet | Date | Topic |
|---|
Download the CSV · Cite: Shuford, J. (2026). Jeff Shuford Published Works, 2018-2026 (Version 2026.10.22) [Data set]. Veteran Business Super Intelligence.
Method: compiled from Jeff Shuford's Muck Rack author profile. Duplicates removed. Where Muck Rack shows a date, it is used; otherwise the year is estimated from Muck Rack's "years ago" label as of October 2026 and the date column says "est.". Topics are keyword tags on titles.
Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week® · investinveteransweek.com
Financial Impact Advocates
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Berkshire Bank
“Today marks the final day of Invest In Veterans Week, and we want to take a moment to recognize the important work being done by Purple Heart Homes. Founded in 2008, Purple Heart Homes is a non-profit organization that works to provide housing solutions to veterans and their families who are in need.”
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Origin Bank
“It's #InvestInVeteransWeek + we're proud to share we have a Hero Mortgage program for veterans + other community heroes that waives admin + processing fees on home loans. THANK YOU to those who have served!“
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Ameris Bank
“Your service, sacrifice and patriotism make our nation great. Your experience has a place at Ameris Bank. #InvestInVeteransWeek”
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AllSouth Federal Credit Union
"Did you know: March 1-7 is National Invest in Veterans Week! This week honors aspiring and established veteran business owners and their contributions to the economy.”
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Fort Bragg Federal Credit Union
“The FHLB is offering a grant of up to $10,000 towards down-payment or closing costs on qualifying VA purchases! #InvestInVeteransWeek.”
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Armed Forces Benefit Association
“Whether celebrating the week or empowering veterans to start and grow their business enterprises, there are many ways to observe and celebrate National Invest In Veterans Week.”
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Southside Bank
“The first week of March is National Invest in #Veterans Week, designed to support the efforts of veterans building lives for themselves and their families through their work and businesses.”
VBSI Open Data Vault
Fourteen more datasets for veteran entrepreneurs: SBA and USDA lending to veterans, federal training reach, Federal Reserve credit conditions for veteran-owned employers, Census ownership change, financial resilience, congressional districts, capabilities by certification, profile activity, AI and SI firm projections, military installations and the SI Desert Index.
Capital: SBA and USDA lending to veterans
SBA loans to veterans, FY2019 to FY2024
7(a), SBA Express, 504 and Microloan approvals to veterans. Bar: total loans. Label: veterans' share of all loans in the three programs.
Average approved loan, veteran vs. nonveteran
FY2019 to FY2024 averages. Veterans borrow less in 7(a) and 504 and more in SBA Express and Microloan.
USDA farm loans approved for veterans
Five Farm Service Agency programs. Approvals fell 22% from 2019 to 2024 while the veteran share held near 3.3%.
Federal training reach
Boots to Business attendees by fiscal year, and the latest year for eight programs.
Credit and conditions: veteran-owned employer firms
Majority veteran-owned vs. no veteran ownership
Federal Reserve Small Business Credit Survey, 2024 survey year, employer firms. Gold dot: majority veteran-owned. Gray dot: no veteran ownership.
Veteran financial resilience
FINRA Foundation segments. From 2018 to 2024, Standing Strong fell from 48% to 45% of veterans and Living on the Edge rose from 20% to 23%.
Census: veteran employer firms by industry, 2017 to 2020
SBA Office of Advocacy analysis of the Annual Business Survey. Veteran-owned employer firms fell 11.5% while nonveteran firms grew 3.0%, in all industries and in the five largest veteran industries shown.
Certified firms: capabilities, districts and structure
Certifications by line of work
Share of certified firms in each line of work holding each certification. Darker is higher within the column.
Top congressional districts
Sole proprietorships by state
Highest share of certified firms organized as sole proprietorships, states with 100+ firms. The national share is %.
Momentum and strategic ground
Veteran AI and SI firms: 2026 to 2040
Top 10 states. Gray: certified firms describing AI or SI work today. Blue: base-scenario projection for 2040 (new firms grow 8% a year, 4% exit). A what-if, not a forecast.
Profile update activity
Certified firms by the month their SBA profile was last updated, January 2024 to September 2026 (snapshot of October 4, 2026).
Installations and the nearest business desert
89 major installations at approximate coordinates. Closest to a business-desert state center:
SI Desert Index: the ten lowest states
0 to 100: half density (firms per House seat), a quarter new-firm share, a quarter website share. Lower means fewer certified veteran firms for the population.
Download the vault
Each dataset above has a CSV file. All fourteen are also in one JSON file and one zip. Free to use with attribution under CC BY 4.0.
All files
Cite this release
Method and definitions
- GAO tables
- Tables 5, 6, 7 and 9 to 17 of GAO-25-107561 (September 2025), transcribed as published. SBA counts cover veteran owners only, not active duty, reservists or spouses.
- SBCS figures
- Read from the Federal Reserve's 2025 Chartbook on Veteran-owned Firms (2024 survey, employer firms, weighted to Census data). Values are rounded percentages as printed.
- Certified-firm tables
- Built from the SBA VetCert export of October 4, 2026. Lines of work are keyword estimates; a firm can match several. Counts under 5 appear as <5.
- AI and SI firms
- Certified firms whose public narrative or trade name describes AI or intelligence-system work. Projections are scenarios, not forecasts.
- Installations
- Approximate coordinates and names as of 2025. Distances are straight-line miles to the center of the nearest business-desert state.
- SI (Super Intelligence)
- A public intelligence system built from government datasets and documentary evidence, with analytical interfaces layered over the data.
Sources: GAO-25-107561, Financial Literacy and Small Business Lending (Sept 2025); Federal Reserve Banks, 2025 Firms in Focus: Chartbook on Veteran-owned Firms; FINRA Investor Education Foundation, The Financial Resilience of U.S. Veterans (May 2026); SBA Office of Advocacy Issue Brief 18 (2023); SBA VetCert certified-firm export (2026-10-04).
Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week® · Data and text CC BY 4.0, Jeff Shuford · investinveteransweek.com
MARCH 1-7
Veteran Charity Impact Advocates
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"National Invest In Veterans Week March 1 - 7th is a Veteran-owned, award-winning social impact organization dedicated to advocating for Veteran entrepreneurs nationwide."
Detroit VA
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"National Invest in Veterans Week takes place annually March 1-7 and was established to empower the public to celebrate and support the economic contributions of veterans in the United States."
Hancock County Veterans Service Office
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“March 1-7 is National Invest in Veterans Week! Show your support for local, veteran-owned businesses here in Wisconsin during National Invest In Veterans Week! The Wisconsin Department of Veterans Affairs recognizes the important role that veteran-owned and disabled veteran-owned businesses play in the Wisconsin economy.“
Wisconsin Department of Veterans Affairs ·
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""Post-Traumatic Stress Disorder is a leading contributor to the homelessness of nearly 40,000 American veterans. Another 1.4 million are at-risk. Today marks the beginning of "National Invest in Veterans Week", and DAV encourages veterans to invest time in their mental wellbeing and we remind you that it is okay to need help."
DAV
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"During this #NationalInvestInVeteransWeek, check out our marketplace full of 60+ #veteran & #militaryspouse made products. While it's no longer the holidays, it's always time to invest in veterans and yourself or a friend!."
Bunker Labs
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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
MARCH 1-7
