1: Veteran's Business Development

Encourage transitioning veterans to explore entrepreneurship and equip them with tools to start a business, creating jobs for themselves and other veterans.

Other Information:

Thousands of veterans are returning home with the skills, experience, and leadership to pursue entrepreneurship and create jobs. America's 3.7 million veteran-owned small businesses already employ 8.2 million people; yet veteran unemployment rates remain high. This requires stronger action to encourage transitioning veterans to explore entrepreneurship and then to equip them with tools to start a business, creating jobs for themselves and other veterans. The SBA Office of Veterans Business Development (OVBD) programs include: the Entrepreneurship Boot Camp for Veterans with Disabilities Consortium of Universities; the VWISE program for women veterans; and, the Endure and Grow program for Reserve Component members and their families. It also manages the Veterans Business Outreach Center program specifically for veterans and members of the military community and their spouses. Through its veterans business development program the SBA promotes veterans' small business ownership by conducting comprehensive outreach, through program and policy development and implementation, ombudsman support, coordinated Agency initiatives, and direct assistance to veterans, service-disabled veterans, Reserve and National Guard members, and discharging active duty service members and their families. This is accomplished through: funded SBA district office outreach; OVBD-developed and distributed materials; websites; partnering with Department of Defense, Department of Labor and universities; agreements with regional veterans business outreach centers; direct guidance, training and assistance to Agency veteran customers; and, through enhancements to intra-agency programs used by the military and veteran communities.

Stakeholder(s):

• Veterans
  •  (Beneficiary)
  • Job Creation (Performer)

Objective(s):

1: Businesses & Jobs

2: Small Business Needs

3: Voice

Content