SBA Announces Over $4 million in New Funding to Expand

Washington, Oct. 12, 2022 (GLOBE NEWSWIRE) — Today, the U.S. Small Business Administration (SBA) announced a new funding opportunity for up to $400,000 to be awarded to up to 12 entities including private organizations, colleges and universities, private sector firms, nonprofit organizations and state, local or tribal governmental agencies to provide critical training and counseling to aspiring and existing veteran small business owners as a Veterans Business Outreach Center (VBOC). The news comes ahead of Nations Veterans Small Business Week 2022, one of the Agency’s flagship events, taking place October 31 – November 4, that will put the spotlight on one of the Biden-Harris Administration’s priorities – supporting our servicemembers, veterans, and their families at every stage of the entrepreneurial journey.

“Under Administrator Guzman, the SBA remains committed to providing more local resources for veteran entrepreneurs, a critical but under-resourced group of entrepreneurs among the small business community,” said Larry Stubblefield, Associate Administrator for the SBA’s Office of Veterans Business Development. “As the focus on serving underserved communities becomes increasingly important, OVBD expects the demand for VBOCs will continue to grow. This expansion will grow the VBOC program from 22 to 34 locations nationwide and assist in supporting veteran small business owners in all U.S. states and territories. The additional locations aim to enhance the experience for veteran small business owners by reducing appointment wait times, increasing local presence, providing additional local training opportunities, meeting the needs of Boots to Business participants, and ensuring that all VBOCs have the necessary resources to perform required counseling and training functions.”

 With this SBA funding, grant awardees will be able to provide training to transitioning service members and military spouses through the Boots to Business…