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Revitalizing our Economy: The Importance of Supporting Veteran-Owned Small Businesses - Oskaloosa News

Revitalizing our Economy: The Importance of Supporting Veteran-Owned Small Businesses - Oskaloosa News
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Business tips for veterans, training opportunities on Cape Cod

Are you a veteran? Are you considering taking the entrepreneurial plunge? There are many resources available to navigate launching your own business. ....

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Why Military Personnel Make Ideal Business People

According to VetFran, nearly 70,000 franchise businesses in the United States are owned by veterans, representing a total payroll of more than 800,000 and in excess of $41 billion in gross domestic product.
Vetfran’s Operation Enduring Opportunity, meanwhile, aims to recruit 75,000 veterans and their spouses plus 5,000 wounded warriors as franchise restaurant owners by 2014.
Resources Available for Servicemembers
In 2012, the Small Business Administration (SBA) launched its Boots to Business program, which aims to make entrepreneurial training and resources available to servicemembers transitioning to civilian life. Citing Census Bureau data, the SBA said almost 2.5 million businesses are owned by veterans, representing about 9% of all firms nationwide. Those veteran-owned companies employ an estimated 5.8 million workers. ....

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Small Business Admin Proposes to Make Faith-Based Organizations Eligible for Relief

Small Business Admin Proposes to Make Faith-Based Organizations Eligible for Relief
The U.S. Small Business Administration (SBA) has proposed a rule that would make faith-based organizations eligible for some of the agency’s relief programs.
The new rule, which is currently open for a 30-day public comment period, aims to remove restrictions that exclude religious organizations from some SBA business loans and disaster assistance programs.
Specifically, the Code of Federal Regulations currently states that businesses whose “principal activity” is “teaching, instructing, counseling or indoctrinating religion or religious beliefs, whether in a religious or secular setting” are not eligible to participate in SBA assistance programs. ....

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