Veteran-owned businesses stand as a testament to the dedication, resilience, and entrepreneurial spirit of those who have served our nation. They are an integral part of the U.S. economy, comprising 5.9% of all businesses in the United States. In total, these veteran-owned businesses employ a staggering 3.9 million workers, contributing to an impressive combined value of $947.7 billion.
But what about the veteran-owned manufacturing companies that make up this thriving sector?
At MNI, we believe in shining a spotlight on these remarkable businesses, showcasing their capabilities to a wider audience. So far, we have successfully collected detailed profiles of 1,250 veteran-owned manufacturing companies, employing a dedicated workforce of 25,069 individuals.
Is your business veteran-owned? Update your free profile on MNI so that new business can find you!
What's truly fascinating are the unique insights we've gathered from these businesses:
- A remarkable 40% of them are engaged in international distribution, spanning their reach across the globe.
- 19% import raw materials
- 34% are small businesses (1-50 employee range)
- 6.4% are women-owned enterprises, far ahead of the national average of 2% women-owned manufacturing firms.
- 7.3% are minority-owned enterprises, running ahead of the national average of 1%.
So what industries are veteran owned manufacturing companies strongest in? This infographic shows the top industries amongst veteran-owned manufacturers, based on the data we’ve collected so far from manufacturers who have set up their free profile.
Veteran-owned manufactures are strongest in industrial machinery and equipment, accounting for 18% of all companies. Fabricated metals encompasses another 12% of companies, while printing and publishing account for another 8%.
Looking for veteran-owned manufacturers? Explore the Veteran-Owned Manufacturing Business Database, exclusively from MNI, featuring 1,100+ companies and 2,800+ industrial decision-makers.