April 21, 2023

SBA: Expanded Support for Veteran Small Business Owners Announced

Today, the U.S. Small Business Administration (SBA) announced $3.5 million in grant awards to support outreach organizations focused on veteran small businesses. The grants provide critical funding to create new Veterans Business Outreach Centers (VBOCs) in Alaska, California, Colorado, Iowa, Nebraska, Nevada, and South Carolina, strengthening training and counseling services for aspiring and existing veteran and military spouse small business owners. In the United States, there are nearly two million veteran-owned small businesses, employing over five million people and generating over $1.3 trillion in annual revenue.

“Our servicemembers have protected our Nation with selfless honor and sacrifice, and the Biden-Harris Administration is committed to supporting them with resources and opportunities as they pursue their American dreams of business ownership,”said U.S. Small Business Administrator Isabella Casillas Guzman. “With this expansion of our veteran-focused network of small business centers, we can help more transitioning service members, veterans, National Guard and Reserve members, and military spouses start and grow their businesses and advance our economy.”

“VBOCs are a one-stop shop for business training, counseling, and resource partner referrals to transitioning service members, veterans, National Guard and Reserve members, and military spouses interested in starting or growing a small business,” said Timothy Green, Acting Associate Administrator for the Office of Veterans Business Development. “The new centers will provide additional resources to increase support and access for nearly 2 million veteran-owned small businesses. The expanded locations aim to enhance the veteran small business owner experience with more opportunities for training and less appointment wait times.”

Today’s announcement expands the VBOC program from 22 to 28 locations, fully servicing all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, and American Samoa. Organizations receiving grants from the SBA have demonstrated a commitment to addressing challenges that veteran-owned small businesses face and helping them succeed through the Department of Defense’s Transition Assistance Program. Grants will support a range of services, including:

Grant awardees are as follows:

                Seattle, WA

                Coverage Area:  Alaska

                Arlington, TX

                Coverage Area:  Nevada

                Colorado Springs, CO

                Coverage Area:  Colorado

                Oakland, NE

                Coverage Area:  Nebraska and Iowa

                Charleston, SC

                Coverage Area:  South Carolina

                Long Beach, CA

                Coverage Area:  California – Los Angeles County, San Bernardino County, Ventura              County, Orange County, Santa Barbara County, and Riverside County

For more information or to find a VBOC near you, visit www.sba.gov/vboc

To learn more about SBA’s programs for veterans, visit www.sba.gov/veterans


About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

This post was originally published here.