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By Debbie Gregory.

The U.S. House of Representatives recently approved H.R. 1694, the Fairness to Veterans for Infrastructure Investment Act. The legislation would include veterans in the Department of Transportation’s Disadvantaged Business Enterprise (DBE) program and would provide parity for the nearly 1 million veterans who are small business owners seeking government contracts. This would level the playing field in federal contracting for veteran-owned businesses by providing veterans access to existing preferences authorized for transportation projects.

Sponsored by Reps. Mike Fitzpatrick (R-Pa.), Cheri Bustos (D-Ill.) and Don Young (R-Alaska), the legislation calls for states that receive federal money for transportation projects to included veteran-owned businesses in their contracting processes. They added that there are 380,000 construction firms that are owned by veterans in the U.S. that could help build projects across the nation.

Currently, only half of the states meet their DBE goals. Adding veteran small businesses to this program would increase the pool of eligible firms at the states’ disposal. For states that already meet their goals, this bill does not affect them or the small business contractors they employ.

“Our veterans are the most highly skilled workforce in America’s history – the product of rigorous training, an iron-clad commitment to teamwork and the remarkable ability to succeed where others might fail,” said Fitzpatrick. He continued. “We need Fairness to Veterans so we are leveraging the unique strengths of veteran entrepreneurs to address the challenges at home.”

“There’s no question that America’s veterans, who have sacrificed so much for the greater good, are able and ready to put their battle tested skills towards improving our nation’s roads, highways, and critical infrastructure projects,” said Young

The legislation now goes on to the Senate for consideration. The text of the bill is available on the Congress.gov website.

SBA Connecticut District Office

Veterans graphic

STARTING OR GROWING A VETERAN-OWNED BUSINESS?

Sign up for Boots to Business ReBoot, an entrepreneurship training program for veterans and their spouses.

 ABOUT BOOTS TO BUSINESS REBOOT:

Boots to Business REBOOT is a two part training program that provides participants an overview of business ownership as a career vocation, an outline and knowledge on the components of a business plan, a practical exercise in opportunity recognition, and an introduction to available public and private sector resources.

This event is an Introduction to Entrepreneurship. Veterans of all eras are eligible; Active Duty, National Guard and Reserves, and their spouses. This course is instructed by SBA and its partners who are skilled business advisors. Additionally, there will be a panel of business experts to answer questions.

Part two is an eight-week online Foundations of Entrepreneurship course instructed by a consortium of professors and practitioners led by the Institute for Veterans and Military Families at Syracuse University.

Day:     MONDAY
Date:    2 NOVEMBER 2015
Time:    10AM to 4PM
Where:   CONSTANT CONTACT
Reservoir Place – Great Room North, 1601 Trapelo Road, Waltham, MA  02451
The Workshop is FREE and Lunch Will be Provided

Seating is limited – RSVP deadline- 18 October

For More Information, call: 413-785-0484
Email: oreste.varela@sba.gov
Registration Link: RSVP

Guest Speaker: SBA Administrator Maria Contreras-Sweet

Maria

Entrepreneurship Training Program for Veterans 

Boots to Business RebootVeteran Owned Business InfoReboot Sponors

When:

Tuesday

October 27, 2015

8:00 am to 4:30 pm

Where:

The Innovation Center

1636 Popps Ferry Road Biloxi, MS. 39532

Registration

https://b2brebootgulfport.eventbrite.com

For More Information:

Call: Mark Scott (662) 325-4990

Email: mls342@msstate.edu

Or

Lance Foster (228) 863-4443 Ext.
222

Email: lance.foster@sba.gov

Click to edit this placeholder text.

Brought to you by:

SBA Mississippi District Office

Veterans Business Outreach Center at

Mississippi State 

www.sba.gov/ms

SBA Michigan District Office

Starting or Growing a
Veteran-Owned Business?

Sign up for Boots to Business Reboot, an entrepreneurship training program for
veterans and their spouses. Part one is a one day Introduction to Entrepreneurship
course instructed by SBA resource partners.
This course’s curriculum includes steps for evaluating business
concepts, foundational knowledge required to develop a business plan, and
information on SBA resources available for accessing start-up capital and additional
technical assistance. Part two is a
eight week high touch instructor-led online course called Foundations of
Entrepreneurship which is available to those who complete part one the
Introduction to Entrepreneurship.

BOOTS TO BUSINESS REBOOT -PART ONE
Date: Thursday,
October 22, 2015
Time: 8:00 am –
4:00 pm
Location: Grand
Valley State University
The Bicycle Factory
Room 330
201 Front Avenue SW
Grand Rapids, MI 49504

For more information please contact VetBizCentral at
810-767-8387.

To register: http://www.eventbrite.com/e/boot-to-business-reboot-tickets-18187181349

Seating is limited to the first 50 veterans.

Brought to you locally by:
Small Business Administration
VetBizCentral
Michigan Small Business Development Center
SCORE

Cosponsorship Authorization # 15-2110-147. SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis.

President Signs Vet Entrepreneurship Act

By Debbie Gregory.

President Obama recently signed an act that will encourage and equip veterans who want to start their own small businesses. To help navigate financial barriers, the new law waives the upfront guarantee fee for veterans applying for 7(a) express loans through the Small Business Administration (SBA), thus helping recently discharged service members and other veterans with opportunities to start new businesses.

With 21 million veterans living in the United States, the unemployment rate among this population is substantially higher than the national average. Because of this challenging statistic, more veterans are exploring self-employment opportunities.

The bill, introduced by House Small Business Committee Chairman Steve Chabot (R-OH), has received praise from lenders and veterans alike.

“Our veterans are as entrepreneurial minded as anyone else in the world,” said Chabot. “Think about all that’s required to launch a new business:  strategic planning, tactical expertise, dogged perseverance, and the ability to adjust plans to overcome new challenges at a moment’s notice. This is the American warfighter. Making sure they can access the resources needed to start their own business and build up the communities they’ve protected will do more than just create jobs – it will help them successfully transition into civilian life.”

Rich Bradshaw, President of Specialized Lending at United Community Bank, Blairsville, GA said, “As a lender, a veteran, and an Air Force Academy graduate, helping veterans make a life for themselves and their families once they return home from service is very personal to me. With more veterans returning to American soil, it is essential we do everything we can to bring down barriers to obtaining access to capital as they come back from doing everything they can to protect our country.  Waiving fees for veteran 7(a) borrowers encourages them to open small businesses, create jobs, and boost the economy.”

According to the Small Business Administration, an estimated 10% of all small businesses across the US are veteran-owned.

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