By Liz Webber – Inc.com:
Veteran business owners are older and more educated than their non-veteran counterparts, according to a new report from the U.S. Census Bureau.
‘Characteristics of Veteran-Owned Businesses: 2002,’ the first Census report to address veteran entrepreneurs as a separate category, found that 68% of veteran owners were over the age of 55, compared to 31% of all business owners. In addition, veteran entrepreneurs were more likely to have a postgraduate degree and more likely to have completed high school.
‘You have a generation of veterans who, after World War II and Korea, had a different kind of G.I. Bill for them,’ said Bill Elmore, associate administrator for veterans business development at the Small Business Administration. That G.I. Bill allowed veterans to attend universities and vocational schools, and also guaranteed loans for small businesses. ‘There was a lot of opportunity for returning World War II and Korean veterans,’ Elmore added…
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