Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week®

Veteran Entrepreneur Pipeline and Access to Capital

Three years of Summit sign-up data, counted in aggregate, read next to the Syracuse University IVMF study of how veteran business owners finance and borrow. No personal names or emails appear anywhere on this page.

Summit sign-ups 2017 to 2019
IVMF report November 2019
Survey of Consumer Finances 2016

Part 1 · Who signed up for the Summit

Counts of sign-ups from three yearly lists. Only branch of service, whether the person owns a business, and how long they have owned one were counted. Names and emails were used for nothing else than spotting repeat sign-ups, and are not shown or stored here.

Part 2 · How veteran business owners finance and borrow

Figures from the IVMF report "Veteran Entrepreneurship: Access to Capital Challenges and Opportunities" (Syracuse University, 2019), which analyzes the 2016 Survey of Consumer Finances: 5,251 veterans (23.3% own a business) and 25,989 non-veterans (26.2% own a business).

Part 3 · Reading the two together

    Limits to keep in mind
    • Summit lists are sign-ups, not attendance, and answers are self-reported. They describe who registered, not veteran business owners in general.
    • The tenure question appears only on the 2018 and 2019 lists. "Startup" includes some people who do not yet own a business. A few sign-ups left fields blank and are counted as not stated.
    • Repeat sign-ups were matched on email address, which undercounts people who used different addresses.
    • The IVMF figures come from a survey sample of 5,251 veterans and 25,989 non-veterans. The report notes the sample may not represent all veteran business owners. Percentages for the smaller veteran-owner group can swing with few respondents.
    • The two data sources were collected separately and are not linked by person. Part 3 points out fits, not cause and effect.

    Sources: Summit sign-up lists for 2017, 2018 and 2019 (counts only); Institute for Veterans and Military Families, Syracuse University, "Veteran Entrepreneurship: Access to Capital Challenges and Opportunities" (2019), analysis of the 2016 Survey of Consumer Finances. Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week®.

    Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week®

    Pennsylvania Veteran Business Snapshot

    Senate Resolution 234 recognizes March 1 to 7, 2026 as "Invest in Veterans Week" in Pennsylvania. This page sets the resolution next to what the SBA certified-firm list shows for the Commonwealth: how many firms, where they are, how they are certified and what they do.

    SBA VetCert export 2026-10-04
    Pennsylvania firms with a public location

    Senate Resolution 234 of 2026 (Printer's No. 1478)

    • Recognizes the week of March 1 through 7, 2026 as "Invest in Veterans Week" in Pennsylvania and resolves that the Senate promote veteran-owned and service-disabled veteran-owned businesses in the Commonwealth.
    • States that Pennsylvania is home to 700,000 veterans and is ranked among the top states for veteran-owned small businesses, with $84,035,855 invested in veteran-owned businesses in fiscal year 2024-2025.
    • Points to the Commonwealth's Veterans Business Enterprise and Service Disabled Veteran Business Enterprise procurement programs, and to mentorship between experienced business leaders and veteran founders.
    • Calls for more visibility for veteran-owned businesses so Pennsylvanians buy from them and Commonwealth contracts keep growing.
    • Introduced March 2, 2026 by Senator Pennycuick and eleven Senate co-sponsors, and referred to the Rules and Executive Nominations Committee the same day. Its later status is not shown here; check the General Assembly site.
    Read the resolution text (PDF) ↗

    What stands out

      Pennsylvania against the nation

      Every figure is a share of firms that list a public location, so Pennsylvania and the U.S. are measured the same way.

      Where the firms are

      What they do and when they started

      Limits to keep in mind
      • The SBA certified-firm list and the Commonwealth's own Veterans Business Enterprise and Service Disabled Veteran Business Enterprise programs are separate lists. Counts here do not describe the Commonwealth's registered firms or its $84,035,855 in spending.
      • Firms that hide their location (7,795 across the country) are in no state or district count, so Pennsylvania's true total is higher than 952.
      • Capability categories are keyword estimates from firm names and descriptions. Year established covers firms certified now. Counts are firms, not dollars.
      • The 700,000 veteran count, the spending figure and the program names come from the resolution's text as supplied, not from independent checking.
      • Ranks compare Pennsylvania with the 46 other states and territories that have at least 100 certified firms with a public location.

      Sources: Pennsylvania General Assembly, Senate Resolution 234 of 2026, Printer's No. 1478; SBA VetCert certified-firm export of 2026-10-04 (aggregates only). Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week®.

      ⚖️ SBA_ADVOCACY // REPORT_2025
      RELEASED: 11.11.2025
      OPERATIONAL UNITS
      1.6M
      VETERAN FIRMS
      TOTAL FORCE STRENGTH
      3.2M
      EMPLOYEES SUPPORTED

      Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week®

      Capital Stress Test Engine

      Set a credit-market scenario and see how it lands on the veteran-owned firms in any state or congressional district. The engine pairs the SBA VetCert firm snapshot with published veteran credit-denial research and shows the result as a district map of exposure, an industry stress test and a printable brief.

      SBA VetCert export 2026-10-04
      34,319 firms with a public location
      Scenario model, not a forecast

      How the model works

      • Scenario inputs come from the IVMF analysis of the 2016 Survey of Consumer Finances: 23.96% of veteran business owners were turned down for credit against 18.47% of nonveteran owners, and 59% of those turned down did not reapply. Every input can be changed.
      • Local exposure comes from the firm snapshot. Firm age is cited in 34.15% of the reasons veterans gave for expecting denial, so that share of the denial rate scales with how young a place's firm base is (founded 2024 to 2026) against the nation. An optional lender-readiness weight adds firms with no written capabilities narrative.
      • Outputs are estimated firms turned down, estimated firms left short of the full amount, and the part of that attributable to the veteran gap. They are scenario arithmetic on firm counts, not a prediction of closures or liquidity.

      1. Pick a place

      2. Set the scenario

      Brief for this place and scenario

      Rewrites itself whenever you change the place or the scenario.

      District and state stress test

      Districts and states with at least 40 firms (districts) or 100 firms (states) are ranked. Smaller places swing too much to rank.

      The evidence behind the inputs

      Limits to keep in mind
      • This is a scenario model. Nothing here forecasts a firm's survival or a lender's decision. The SBA list holds no revenue, employee, loan or lender data, so micro-businesses cannot be isolated and credit outcomes are not observed.
      • The credit rates come from one survey of business owners (2016 Survey of Consumer Finances, IVMF analysis, November 2019). They are national, not local, and the engine does not read live macroeconomic feeds. State tax or interest-rate changes can be entered only through the scenario controls.
      • The share of firms seeking credit each year (default 25%) is an assumption, not a measured value. Change it to test other cases.
      • Industry categories are keyword estimates from firm names and descriptions. Industry stress applies each category's national youth share to the selected place's industry mix; for a district it uses the state's mix scaled to the district's firm count.
      • Firms that hide their location (7,795 across the country) are in no state or district count. Counts are firms, not dollars.

      Sources: SBA VetCert certified-firm export of 2026-10-04 (aggregates only); Institute for Veterans and Military Families, Syracuse University, "The Access to Capital Challenge" (November 2019), using the 2016 Survey of Consumer Finances, Tables 5, 6 and 9. Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week®.

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      Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week®

      How Governors Honor Veterans and What Their States Show

      In the Ripon Forum's Veterans Day 2025 issue, National Governors Association Chair Kevin Stitt describes what governors are doing for veterans and military families. This page takes the six states he names and sets each next to the SBA certified-firm list: how many veteran-owned firms, how they are certified, and how new they are.

      SBA VetCert export 2026-10-04
      Firms with a public location
      6 states

      The article: "How America's Governors Are Honoring America's Veterans"

      • By Kevin Stitt, Governor of Oklahoma and Chairman of the National Governors Association, in Ripon Forum, Veterans Day 2025 issue, page 4.
      • Governors highlight opportunities for veterans each year through Invest in Veterans Week in March and National Hire a Veteran Day in July.
      • The NGA initiative Do Your Part: State Leadership to Support Military Families, launched with Blue Star Families, draws on governors' best practices on spousal employment, childcare, education, healthcare, community connection and housing. Maryland Gov. Wes Moore is honorary chair.
      • Oklahoma is home to over 340,000 veterans, about 9 percent of its population, per the article.
      Read the full issue (PDF) ↗

      What each governor did, per the article

      What stands out

        The six states side by side

        Shares of firms that list a public location, so every state and the nation are measured the same way.

        Ranks and strengths

        Limits to keep in mind
        • The article describes policy actions. The SBA list counts certified firms. This page does not claim either caused the other.
        • Governor actions are summarized from the article as written and were not checked against state records.
        • Firms that hide their location (7,795 across the country) are in no state count, so each state's true total is higher.
        • Capability categories are keyword estimates from firm names and descriptions. Year established covers firms certified now. Counts are firms, not dollars.
        • Ranks compare each state with the other states and territories that have at least 100 certified firms with a public location (firm count ranks all 56).

        Sources: Kevin Stitt, "How America's Governors Are Honoring America's Veterans," Ripon Forum, Veterans Day 2025; SBA VetCert certified-firm export of 2026-10-04 (aggregates only). Veteran Business Super Intelligence℠ · Sponsored by National Invest In Veterans Week®.

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