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Industry News

SBA announces agreement to help expand Boots to Business

Veterans are in a unique position to become small business owners.

Veterans are in a unique position to become small business owners.

Previously, this blog has touched on how veterans are uniquely suited to be entrepreneurs and small business owners. Having spent time in the military, these individuals have spent time developing and honing many of the qualities that make for successful entrepreneurs, including flexibility, tenacity and dedication. 

As such, the U.S. Small Business Administration (SBA) recognizes the potential that veterans have to be successful small business owners. Recently, the SBA announced a cooperative agreement with America's Small Business Development Centers, the Association of Women's Business Centers (AWBC), and SCORE. Through this agreement, the organizations will work to expand participation in the Boots to Business program, which was created by the SBA to give transitioning service members training for small business ownership. 

"Veterans make some of our country's best entrepreneurs, and we are investing in them by ensuring our partners are funded to maximize the training and support they provide to service members embarking on their post-service careers," said SBA Administrator Maria Contreras-Sweet in an official news release. "We owe so much to those who have served in our Armed Forces and sacrificed so much. Our veterans deserve opportunities, and the SBA and our network of small business experts are ready to help them start their next chapter."

As the release notes, more than 250,000 members of the military transition out of service on a yearly basis. In some cases, starting a business is a worthwhile option for these individuals. CorpCo recognizes the potential veterans have for small business, and as such is partnered with the Whitman School of Management at Syracuse, home of the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) program, and are a proud supporter of V-WISE, an entrepreneurial program for women veterans. 

Contact us to learn more about the benefits of incorporating your business.