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Annual Business Survey Release Provides Data on Minority-Owned, Veteran-Owned and Women-Owned Businesses - Statistics 2021
The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2019 Annual Business Survey (ABS), covering reference year 2018, approximately 18.3% (1.0 million) of all U.S. businesses were minority-owned and about 19.9% (1.1 million) of all businesses were owned by women.
The Veteran Women’s Enterprise Center (VWEC) based on a segment of our mission to “advocate for relevant research, services and funding” we will be digging deeper into this data to identify the specific statistics related to women veteran owned businesses and how we can use this data to help women veteran entrepreneurs access the resources they need to succeed.
At the same time the New York Fed was conducting its study, we were surveying Crespin and other women-veteran-business owners in Dallas-Fort Worth as part of our Moments That Matter Research Project with the Veteran Women’s Enterprise Center. Indeed, our survey participants largely share the same characteristics as some of the New York Fed’s “at-risk” and “distressed” firms. Many were small (with no employees), young (often less than five years old), minority owned (especially Black owned) and not profitable. These findings came before COVID-19 turned the global economy upside down.
We are excited to announce the release of the official report for Phase 1. of the “Moments that Matter” research project in collaboration with the Dallas Federal Reserve Bank. - July 2019
Moments That Matter: Understanding the experiences of women-veteran-business owners in Dallas–Fort Worth - Read the full report for specific details
Authors: Anna Crockett, Community Development analyst, Federal Reserve Bank of Dallas
VR Small, CEO, Veteran Women’s Enterprise Center