Military Veterans "Boots to Business"

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With more entrepreneurial training, veterans blaze path to owning businesses

Feb 17, 2013 - Two paths are traditionally stressed for service members transitioning from the military - either find a civilian job or pursue a college degree.

But as more local resources are being devoted to entrepreneurial training, veterans have a solid third path. They can own their own businesses.

U.S. military veterans own 2.4 million businesses, or nearly 1 in 10 of all businesses in the U.S., according to the Small Business Administration. They employ 5.8 million people and generate $1.2 trillion in receipts.

Combine that economy-boosting power with more service members transitioning due to military drawbacks, and installations and universities are taking notice. This year, the Obama Administration gave the Small Business Administration's "Boots to Business" entrepreneur program $7 million to expand. As the Army pilot starts in March, Fort Bragg already is acting as a testing ground for the initiative. read more>>>