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SBA to help veteran small business owners

With business and economy being something most just simply don't want to talk about anymore, there is another forgotten issue going on.  There are still thousands of soldiers deployed in Iraq, Afghanistan, and many other countries around the world.  When the soldiers come home as Veterans, there are not a lot of options available to help them re-integrate into society.  That is soon to change.

The U.S. Small Business Administration today announced the award of grants to 10 local SBA Small Business Development Centers (SBDCs) to increase entrepreneurial assistance to veterans. The grants will provide approximately $1 million to fund programs for veterans that promote business ownership and provide services to small businesses dealing with the deployment of key personnel overseas.

Each SBDC receiving funds will promote increased coordination of services to veterans, and will use multimedia tools to connect veterans through distance learning and customized online business counseling by providing services to reach the local veteran business community. Five of the centers were previously awarded grant funds to provide these services, and will now receive a second year of funding. The other Five centers will receive grant funds for the first time through this new program.

Colorado is among the Five that will be receiving grants for the first time, and it will help to increase not only small business in Denver and throughout Colorado, but it will give back to the veterans that have already given so much.  All of the the States that were chosen to receive funding through this program were selected from an extremely competitive field, and were selected based on very specific criteria.  Each of the State SBDCs (Small Business Development Centers) that are receiving these Grants will implement programs based on the current need in their State.  This includes the five that are receiving the Grants for the first time as well as those States that are receiving it for the second.

The State of Colorado SBDC will coordinate a multi-state effort, collaborating with strategic partners to create an integrated one-stop virtual resource for veteran-owned small businesses. This resource will provide information and high quality, cost-effective small business assistance to the veteran community through Internet-based consulting, training, social networking and a veteran database registry.


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