March 20th 2024.
Starting or expanding a business can be a daunting task for anyone, but for women veteran entrepreneurs, a lack of capital and ownership experience can make it even more challenging. This has been identified as a major hurdle for these hardworking women as they strive to achieve success in the business world.
In an effort to provide support and resources for women veterans, the Small Business Administration has launched the Women Veteran Entrepreneurship Training Program. This program offers funding of up to $300,000 to business owners through the Office of Veterans Business Development. With the goal of empowering women and helping them overcome these obstacles, the program is currently accepting applications from potential grantees.
Both established women veteran business owners and aspiring entrepreneurs are encouraged to apply. Last year alone, over 9,500 participants worked with the program's grantees to start or grow their businesses. According to Timothy Green, the acting associate administrator for the SBA's Office of Veterans Business Development, this is just the beginning. With over two million women veterans in the United States and more than 12 million businesses owned by women, there is a great need for resources and advocates specifically tailored to women veteran entrepreneurs.
Green emphasized the importance of the Women Veteran Entrepreneurship Training Program, stating that through these grants, women veterans will be equipped with the necessary skills and knowledge to take their businesses to the next level. Whether they are ready to open their doors or looking for ways to expand their current success, this program is designed to empower and support these hardworking women.
One success story from the program is that of Kristen Wright, owner of Kristen Wright Strategic Communications LLC in Tulsa, Oklahoma. Wright connected with and received funding from ONABEN, a grantee of the Women Veteran Entrepreneurship Training Program, by participating in the program "Beyond the Boots." This program played a crucial role in educating Wright on the federal bidding process, allowing her to scale her business and compete for valuable federal contracts.
For those interested in applying for the Women Veteran Entrepreneurship Training Program, time is of the essence. The application deadline is 11:59 PM ET on March 21, 2024. Don't miss this opportunity to gain valuable resources and support for your business. More information and the application can be found on the SBA website. With initiatives like this and the recent launch of a revamped program to assist Black businesses, the SBA and the White House are determined to break records in federal contracting and support the success of entrepreneurs from all backgrounds.
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