The U.S. Small Business Administration has announced an expansion of its Boots to Business program, a program designed to help veterans learn the fundamentals of business ownership. The program has been traditionally used for troops returning from serving but the expansion will open the services to all veterans.
Entrepreneurship training courses will be held in 12 cities across the country hosting up to 100 veterans for the two-day class. Boots to Business: Reboot will have the same curriculum as the original Boots to Business, which includes lessons on business concepts and the knowledge required to create, develop and implement a business plan.
More than 22 million veterans that have already transitioned into civilian life will now be able to participate in Boots to Business: Reboot when the expansion begins on July 11, 2014 in Washington, D.C.
“We have a special obligation to serve those who served us so well: our veterans,” said Maria Contreras Sweet, the SBA administrator. “Our armed forces have a track record of producing outstanding leaders. Veterans own nearly 1 in 10 businesses that generate more than $1 trillion in sales a year.”
Following the program, veterans will have the tools, resources and knowledge to find a quality business opportunity, draft a business plan and to launch a small business. The program also connects the veterans with local resources to help throughout the business process.
Veteran-owned businesses employ almost 6 million people and generate more than $1 trillion in sales, contributions that have been covered in a previous blog post. The amount of younger veteran business owners has also increased in recent years, a topic that can be reviewed in another blog post.
The SBA Boots to Business: Reboot program will give opportunities to more veterans in the country increasing the impact veterans have on the economy.