{"id":7237,"date":"2025-11-13T09:41:05","date_gmt":"2025-11-13T15:41:05","guid":{"rendered":"https:\/\/westplexnews.com\/index.php\/2025\/11\/13\/missouri-tops-national-averages-for-veteran-owned-business-prevalence-revenue-2\/"},"modified":"2025-11-13T09:41:05","modified_gmt":"2025-11-13T15:41:05","slug":"missouri-tops-national-averages-for-veteran-owned-business-prevalence-revenue-2","status":"publish","type":"post","link":"https:\/\/westplexnews.com\/index.php\/2025\/11\/13\/missouri-tops-national-averages-for-veteran-owned-business-prevalence-revenue-2\/","title":{"rendered":"Missouri tops national averages for veteran-owned business prevalence, revenue"},"content":{"rendered":"

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(Getty Images)<\/p>\n

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Missouri exceeds the national average for revenue earned by veteran-owned businesses as well as the prevalence of these businesses.<\/p>\n<\/div>\n

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A business is considered veteran-owned if a military veteran owns 51% or more of its stock or equity.<\/p>\n<\/div>\n

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Luke Dietterle, University of Missouri Extension specialist, released a report<\/a> in October detailing the state of veterans in Missouri\u2019s economy. It showed veteran-owned firms generate 2.3% of the state\u2019s business revenue, which is above the national average of 1.8%<\/p>\n<\/div>\n

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\u201cThe veterans in Missouri that are business owners tend to punch above their weight a little bit,\u201d Dietterle said.<\/p>\n<\/div>\n

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Although Oklahoma, Arkansas and Nebraska have higher densities of veteran-owned businesses, Missouri\u2019s businesses generate higher shares of the state\u2019s total revenue.<\/p>\n<\/div>\n

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Veterans make significant contributions in several counties\u2019 local economies. Sales attributed to veteran-owned businesses in Reynolds, Iron and Dent counties account for more than a quarter of the overall sales in those places.<\/p>\n

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Veterans are most represented in the arts, entertainment and recreation, with 8% of Missouri firms in this sector being veteran-owned. Wholesale trade follows close behind with 7% of firms.<\/p>\n<\/div>\n

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The share of industry revenue generated by veteran-owned firms was highest in mining, quarry and oil and gas extraction, at 22%. Transportation and warehousing followed, with 13% of revenue attributable to veteran-owned firms.<\/p>\n<\/div>\n

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Despite the success many veterans find in business, they still face significant barriers in the transition to civilian life.<\/p>\n<\/div>\n

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\u201cYou\u2019re not really going to have a credit history,\u201d Dietterle said. \u201cYou\u2019re not really going to have sufficient income to serve as collateral for a loan. These folks are just leaving the service, and they just haven\u2019t had those experiences. They haven\u2019t been able to build that record of financial responsibility.\u201d<\/p>\n

This story originally appeared in Missouri Business Alert<\/a>, a digital newsroom covering businessand the economy in Missouri.<\/em><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

(Getty Images) Missouri exceeds the national average for revenue earned by veteran-owned businesses as well as the prevalence of these businesses. A business is considered veteran-owned if a military veteran owns 51% or more of its stock or equity. 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