Military Retirees Fuel Entrepreneurial Growth in Missouri
Military retirees are disproportionately represented among Missouri's entrepreneurs: 15.8 percent, or 3,593 retirees, are potential entrepreneurs (defined as individuals who receive between 25 and 50 percent of their total income from self-employment) and 12.0 percent, or 21,826, are entrepreneurs (at least 50 percent of total income) -- compared to being just 10.7% of the state's population overall between 20 and 65.
Military retirees here are more likely to be entrepreneurs than those in Illinois or Kansas, too. Migration analysis shows an inflow of entrepreneurs into the Show-Me State from Illinois and Kansas; their businesses were most likely to be construction, real estate or trucking/ transportation.
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