After serving their country on the front lines, many veterans come home to a new mission: starting their own business. By making the transition to entrepreneurship, these veterans protect their communities in a new way, by keeping their local economies strong and diverse. In honor of the contributions these business owners make to their communities, the U.S. Small Business Administration (SBA) recognizes National Veterans Small Business Week November 4-8, 2019.
According to SBA, there are more than 2.5 million veteran-owned businesses in the U.S., contributing nearly $1 trillion each year to the U.S. economy. National Veterans Small Business Week celebrates the success of these businesses, as well as those owned by service members and military spouses. This year marks the sixth annual celebration, with the theme of Mission #VetBiz Success.
Throughout the week, SBA will provide opportunities for veteran entrepreneurs to connect with resources that support their businesses. Each day will be devoted to a different topic, including transition assistance, entrepreneurial training and government contracting. The resources are available online and through SBA district offices located across the country.
The federal government provides a wealth of resources and programs for veteran entrepreneurs. During National Veterans Small Business Week, veteran business owners can learn about these resources and plan ways to implement them in their business models. For instance, veterans can receive priority for certain set-aside government contracts and can access special training programs and funding opportunities.
Veteran-owned businesses keep the home front strong. By serving their communities, these entrepreneurs continue to serve their country. During National Veterans Small Business Week, customers and the country can thank them for their new kind of service by investing in their businesses.
To participate in the celebration, find an SBA event near you or share your thoughts on social media with #VetBiz.