More veterans launched new businesses in 2021. Here's what industries they chose.
There has been a surge of new businesses formed since the start of the Covid-19 pandemic, and military veterans have played a big role in the jump.
“Last year. we saw the opening of the doors of entrepreneurship to groups that have been left out of new business ownership,” said Gusto Economist Luke Pardue, stressing Black and Hispanic business owners surged during the pandemic. “We are seeing this with veterans as well.” Additionally, the share of Black entrepreneurs who launched businesses also rose from 3% in 2019 to 9% in 2021, according to Gusto's survey.
Veterans didn’t start new businesses in the same sectors that nonveterans did though. Veterans were far more likely to start businesses in goods-producing sectors such as construction, manufacturing, utilities warehousing and transportation, with 47% starting businesses in those sectors, according to Gusto. Just 11% of nonveterans started businesses in those sectors.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Offerpad, Zillow, Opendoor, Redfin (OPAD, Z, OPEN, RDFN) laying off more Phoenix workers - Phoenix Business JournalAs the major iBuyers — including Chandler-based Offerpad — lay off hundreds while shifting their focus during a cooling housing market, here's how much they could stand to lose.
Read more »
How the city of Phoenix water plan focuses on our future - Phoenix Business JournalIn this guest column, the leader of the Phoenix Water Services Department outlines how the city is planning out its future water use, and looking to partner with residents and businesses to ensure the future availability of this precious resource.
Read more »
Phoenix-area casinos prepare for big Super Bowl bets through sportsbooks - Phoenix Business JournalWhile gamblers have the convenience of downloading sports wagering apps on their phone, casinos in Arizona are banking on those bets being placed on-site because of the environment it offers. Here's what casinos are planning for.
Read more »
Veterans Day parade in Kyle honors veteransKyle residents and visitors lined the streets for the Second Annual Veterans Day Parade Saturday afternoon to honor all our local veterans.
Read more »
Ford recalls 2021-2022 Broncos due to rearview camera issues - AutoblogDoes your Bronco's rearview camera get stuck on when you're four-wheeling? Ford has a solution in the works.
Read more »
Top Five Pokémon TCG Alternate Art Cards of 2021Top Five PokemonTCG Alternate Art Cards of 2021: Which of last year's hobby-shaking Alts Arts will earn their place in history? Pokemon
Read more »