National Veterans Small Business Week (NVSBW) is dedicated to celebrating veteran, service member, National Guard and Reserve members, and military spouse entrepreneurs from October 30 – November 3, 2017. Throughout the week, the U.S. Small Business Administration (SBA), alongside SBA district offices, resource partners and communities around the country, will host local and virtual events centered on “access to capital, federal and commercial procurement opportunities, and entrepreneurial training.”
Veteran-Owned Business Statistics
- There are 2.5 million veteran-owned businesses in the U.S.
- Veteran-owned businesses increased 3 percent from 2007-2012
- 443,000 of these businesses have paid employees, generating $1.1 trillion in annual receipts
- Veteran-owned businesses employ 5 million people
On November 2 at 3 p.m. ET, NAWRB is participating in the SBA’s Twitter Chat, Business Tips for Veteran Entrepreneurs, answering questions and providing advice helping veterans scale and grow their businesses. To view NVSBW events on a virtual map, please visit the SBA website.
“Veteran-owned businesses are a critical pillar of the U.S. economy as they contribute more than $1.14 trillion to the nation’s annual total sales and receipts,” SBA Administrator Linda McMahon stated. “Through entrepreneurship and business ownership, these veterans continue their service by not only contributing to the economy, but also by creating economic opportunities for other Americans. The moments that matter for veteran entrepreneurs matter to us as well, and SBA is proud to celebrate, honor, and support them.”
Veterans, service members, Reserve and National Guard members and military spouses are encouraged to share their business ownership story or advice on social media using the hashtag #MyVetBiz.