Veteran Owned Business Guide
Many veterans find that the discipline and technical skills they amassed in the military translate well into business and corporate endeavors. As such, several U.S. federal and state organizations serve veterans interested in successfully building and maintaining a business. Veteran business owners and entrepreneurs exploring how to build a business have many resources to aid them.
Department of Veterans Business Development
The Department of Veterans Business Development is a branch of the United States Small Business Association (SBA). This office is tasked with maximizing the opportunities for veteran-owned small businesses around the country. The SBA provides many resources, including training, community outreach, and grant application assistance, which can help veteran-owned businesses succeed.
Service-Disabled Veteran-Owned Businesses
The SBA also helps veterans apply for prime contract and subcontract awards from the federal government. Pursuant to the Veterans Entrepreneurship and Small Businesses Development Act of 1999, the Federal government must set aside at least 3% of its contracts to be fulfilled by service-disabled veteran-owned businesses. If you qualify for this type of business, the SBA can help you win lucrative contracts from the government.
Private Resources: National Veteran-Owned Business Association
In addition to government resources, private organizations like the National Veteran Owned Business Association (NAVOBA) can provide the network of support veterans need to run a prosperous small business. NAVOBA advocates at the local, state and federal level to ensure that veterans have preferential treatment. The organization also lobbies private corporations, such as AT&T to conduct business with veteran-owned businesses. The organization is a powerful advocate for veteran entrepreneurs and small business owners.
For more information, visit Veteran-Owned Businesses on the Small Business Administration's website.