AMGEN
 

VWISE

By Debbie Gregory.

The Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE) program was recognized as one of 2015’s “Bright Ideas” by the Ash Center for Democratic Governance and Innovation at the John F. Kennedy School of Government, Harvard University.

V-WISE is offered through a partnership between the U.S. Small Business Administration (SBA) and the Institute for Veteran and Military Families at Syracuse University. The program provides comprehensive entrepreneurial training to women Veterans, active duty and female family members.

As part of a three-phase program, V-WISE is being offered to 200 participants per session. The program includes a growth track for participants already in business, and start-up training for new entrepreneurs.

“V-WISE is an important and timely resource for women, and we’re proud of the successful entrepreneurs who have used this program to start and grow their companies,” said SBA Administrator Maria Contreras-Sweet. “Being recognized by Harvard University is a confirmation of a successful partnership making strides to support the small business ownership dreams of so many women Veterans.”

For consideration as one of the Ash Center’s Bright Ideas, a program must currently be in operation or in the process of launching, have sufficient operational resources, and be administered by one or more governmental entities.  Nonprofit, private sector, and union initiatives are eligible only if they are operating in partnership with a governmental entity. Bright Ideas are showcased on the Ash Center’s Government Innovators Network, an online platform for practitioners and policymakers to share innovative public policy solutions.

The V-WISE program was singled out by the Ash Center as a creative government initiative that deserves to be recognized and replicated. The Government Innovators Network was launched by the Ash Center in 2003 to highlight original ideas generated by government leaders and their public sector partners. This is the fourth cohort recognized through the Bright Ideas program, an initiative of the broader Innovations in American Government Awards program.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Joint Program for Female Veterans Honored by Harvard: By Debbie Gregory

VAMBOA Millennial Veterans

The term “millennial generation” refers to people born between 1980 and 1999. This group of Americans, also called “generation Y” and “millennials,” are those who are aged 14-35 in 2015. The U.S. Census Bureau data shows Millennials as the largest demographic in history to date, at more than 80 million.

A report written by the U.S. Chamber Foundation, an affiliate of the U.S. Chamber of Commerce, titled “The Millennial Generation: Research Review” describes the millennial generation as technically savvy, “…almost as if it has a digital sixth sense.”

To go along with their partiality to smartphones, tablets and other technologies, members of the millennial generation are dexterous multitaskers. Millennials often have multiple browser windows open on their laptops, often while watching T.V., texting on their smartphones, eating, and completing homework. This generation is renowned for their ability to process multiple activities in rapid succession, so that it seems as if the activities are being completed simultaneously.

But one area where this diverse and capable generation is lacking in is their pursuit of entrepreneurial ventures. Studies, including data provided by the Federal Reserve, show that the number of American households led by persons under the age of 30 who own their own business has dropped from 10.6% in 1989, to 3.6% at the end of 2014.

Many may contend that this data lends to other conclusions, such as the fact that millennials aren’t claiming of head of household status. Just as members of the millennial generation are known for their using technology, they are also stereotypically profiled as still living at home, going to school, or living with multiple roommates. Factoring this data could cause the data to read differently, meaning that business owners from the millennial generation also need to be the heads of their households, disqualifying millennial entrepreneurs who live with roommates or one or more of their parents (even in a cohabitation situation).

We should also remember that millennials also make up the bulk of those who have been fighting the wars in Iraq and Afghanistan. There are many lending and business programs geared towards different industries and demographics, including many programs designed to benefit millennials, and specifically Veterans from the millennial generation.

The truth is that entrepreneurship is extremely important to the American economy, the country’s growth and global competitiveness. New companies, specifically those started by millennials, which also employ millennials, do much to boost the economy and create new jobs.

Veterans are some of the most experienced members of the millennial generation. And because of their war-time service, by way of their federal benefits and state and local provisions, they also happen to be among the leading companies that financiers are willing to work with.

Millennial Veterans are strongly encouraged to seek out entrepreneurial ventures to better their financial situation, be their own boss, and help the U.S. economy. Let the Veteran and Military Business Owners Association at www.VAMBOA.com assist you on your journey to business ownership.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Millennial Veteran Entrepreneur Wanted: By Debbie Gregory

VAMBOA NVSBEVeterans who are interested in starting or expanding their small businesses should save the date and register today for the largest and most comprehensive Veteran Small Business Expo of the year.

Each year, for the last four years, the Department of Veterans Affairs (VA) and several other government agencies have collaborated to put on the largest event for Veteran entrepreneurs in the country, called the National Veterans Small Business Engagement (NVSBE).

The theme of NVSBE 2014 is “ACCESS” which is an acronym for “Advocate, Create, Commit, Expand, Strengthen, Sustain.” The event is designed to connect Veteran-owned Small Businesses and Veteran entrepreneurs with exclusive access to networking opportunities and learning sessions.

With 3,000 attendees expected, as well as more than 400 exhibitors and 25 government agencies, the NVSBE is a must-attend event for Veteran-owned small businesses.

The NVSBE is chalk full of activities designed to aid in the success of Veteran business ventures. Each day of the event has an Agenda that includes networking functions and breakout learning sessions.The learning sessions consist of dozens of topics that attendees can register for, according to their needs. Topics include creating a small business, business expansion, financing, government contracts, Veterans assistance, procurements, sustaining a small business, leadership, service-disabled Veteran-owned business resources and many more. The last day of the event includes an awards ceremony and one-on-one follow-up meetings with procurement decision makers and program professionals.

One of the most advantageous reasons to attend the NVSBE is the direct access to procurement decision makers, program specialists and acquisition staff from government agencies and large corporations.

The three day event will be held on December 9, 10 and 11, 2014, at the Georgia World Congress Center in Atlanta. To register for the 2014 NVSBE in Atlanta, please visit the Registration Information Page.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Veterans Small Business Expo: By Debbie Gregory

VAMBOA no fee loans

There is great news for veteran entrepreneurs! The U.S. Small Business Administration (SBA) is extendingits Veterans Advantage program through September 30, 2015. The Veterans Advantage program is also being expanded to include loans up to $5 million. The SBA will continue to offer its provision to eliminate the upfront fee paid by all borrowers for the guaranteed portion of 7(a) loans of $150,000 or less.

Prior to the change, entrepreneurs using the SBA guarantee through private lenders had to pay up to 2% of the guaranteed portion of their loans. This would leave small business owners with fees of up to $2,700.

The SBA is also waiving servicing fees for participating lenders paid by them on loans of $150,000 or less.  Beginning on October 1, 2014, the servicing fee that lenders pay each month on 7(a) loans greater than $150,000 will drop to 0.519% on the guaranteed portion of the outstanding balance.

The up-front guaranty fee is being waived for qualified Veteran owned small business owners using SBA Express loans for amounts up to $350,000.  For Veterans using 7(a) loans outside the Express program, upfront fees continue to be waived for loans up to $150,000.

For loans of $150,000 to $5 million, with a maturity in excess of 12 months, the no upfront-fee will drop by 50% using this formula:

Loans of $150,001 to $700,000 will be at 1.5% of the guaranteed portion.

Loans of $700,001 to $5,000,000 will be at 1.75% of the guaranteed portion up to $1,000,000, plus an additional 1.875% of the guaranteed portion over $1,000,000.

Loans with a maturity of 12 months or less can expect to pay an upfront fee of 0.125% of the guaranteed portion.

In order to qualify for SBA Veterans Advantage, small businesses must be at least 51% owned and managed by an individual or individuals who are veterans, service-disabled veterans, active duty military service member participating in the military’s Transition Assistance Program (TAP), Reservists and National Guard members. Also eligible are the current spouses of any of the previous,  or the widowed spouses of service members who died while in service, or of a service-connected disability.  Verifying documentation proving eligibility is required.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: SBA Extends No-Fee Loans: By Debbie Gregory

SBA Michigan District Office

Take advantage of Early Bird Registration through September 30th!

Ford Motor Company’s Dan Fortunato, Director of Construction and Services Purchasing will be providing the luncheon keynote address for this year’s conference.  To register click on:  http://private.vetbizcentral.com/main.sc

Veterans Business Confernce