Small Business


The U.S. Small Business Administration and Syracuse University are expanding their Entrepreneurship Boot Camp for Veterans with Disabilities (EBV) to a seventh school, Louisiana State University, and launching two new entrepreneurship programs for female veterans and National Guard and Reserve members and their families.

 

The SBA said in a press release that nearly one-quarter of veterans indicated they are interested in starting or buying their own small business, and that percentage is even higher among female veterans. The SBA’s partnership with Syracuse University trains veterans on how to start and grow a small business, with programs targeted to service-disabled veterans, women, National Guard and Reserve members and their families of the wars in Iraq and Afghanistan.

 

In 2009, the SBA partnered with Syracuse University, providing a three-year cooperative agreement and funding totaling $450,000, to support the university’s yearlong EBV program on six campuses. Now in the second year of the partnership, with the SBA’s support, the “boot camp” is expanding to the E.J. Ourso College of Business at Louisiana State University, according to the press release. The other five campuses are: the University of Connecticut School of Business; Mays Business School at Texas A&M; UCLA Anderson School of Management; Florida State University’s College of Business; and the Krannert School of Management at Purdue University.

 

The SBA said it is also providing $2.6 million through a cooperative agreement over three years for two new programs supporting veteran entrepreneurs. The first, Women Veterans Igniting the Spirit of Entrepreneurship (V-WISE), focuses on training, networking and mentorship for female veterans. The three-day, off-site training program, online training and network support structures will be delivered in several locations around the nation, and anticipates serving up to 1,400 female veterans over a 36-month period.

 

The second new program, Operation Endure & Grow, targets National Guard and Reserve members, their families and business partners. The press release said the goal of this program is to mitigate the economic hardship of deployed members and their families. The eight-week online course will focus on the fundamentals of launching and/or growing a small business for those who will sustain the business when the service member is deployed, injured or killed.

 

The SBA has numerous programs creating government contracting opportunities for veteran-owned small businesses. More information is available at sba.gov/vets and sba.gov/reservists.

 

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