Wednesday, April 15, 2015

SBA Renews Funding for Pacific Northwest Veteran Business Outreach Center

The SBA announced funding in the total grant amount of $3.8 million for 14 Veteran Business Outreach Centers (VBOCs), including the continuation of the VBOC in Seattle, which covers Washington, Oregon, Idaho and Alaska.

The extended funding will enable the VBOC to counsel, train, and provide assistance, comprehensive business assessment and mentoring to veteran and service-disabled veteran entrepreneurs, in addition to Reserve Component, National Guard and transitioning service members interested in starting or expanding a  small business.

A key responsibility of the VBOCs is to support transitioning service members as they embark on post-military service careers that often include small business ownership and other forms of self-employment.

During 2014 alone, the VBOC in Seattle served 831 clients, assisted with 185 business startups, and helped create or maintain 309 jobs.

A portion of the funding will be used to cover costs associated with coordinating, delivering, and conducting outreach to increase participation in the entrepreneurship track of the Department of Defense’s (DOD’s) Transition Assistance Program (TAP), known as Boots to Business, on military installations in the continental United States and its territories. VBOCs are directed by the Small Business Act to participate in the DOD’s Transition Assistance Program.

Each year the SBA helps more than 200,000 veterans, service-disabled veterans and reservists start and grow their small businesses.

To learn more about additional opportunities for veterans available through the SBA, visit HERE.

To connect with the local VBOC, click HERE, call (206) 324-4330 x122 or e-mail HERE.

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