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Source: United States House of Representatives – Representative Brad Schneider (D-IL)

Recognizes more than 2,500,000 veteran-owned American businesses ahead of Veterans Day

In advance of Veterans Day, Congressman Brad Schneider (IL-10) introduced a resolution supporting the designation of “Veteran-Owned Small Business Week,” and celebrating the entrepreneurial spirit of veteran small business owners. Rep. Brian Fitzpatrick (PA-08) co-led the bipartisan resolution with Rep. Jason Crow (CO-06) and Steve Stivers (OH-15). This continues Rep. Schneider’s work to help veterans harness their experience in the Armed Forces towards starting their own small business.

“On Veterans Day and every day, it is important to remember our commitment to the men and women who have served our nation in uniform,” said Rep. Schneider. “In Congress, I’ve focused on promoting opportunity for veterans when they return to civilian life through expansion of the GI Bill and support of the Boots to Business Initiative. Many of the leadership and other skills learned in the military translate well to entrepreneurship and the small business sector, and veterans are self-employed at a higher rate than civilians. I invite all Americans to join me this Veterans Day in recognizing the many veteran-owned businesses creating jobs and improving communities across the country.”

“Through my military service, I’ve heard stories from many veterans who applied the skills they developed during serving our country to create jobs and to strengthen capital in their communities.  Their efforts should not go unnoticed, especially not during this uniquely challenging time for small businesses,” said Rep. Stivers. “This resolution is an important way to show support for those veterans who not only served our nation, but took it one step further, and chose to serve their local communities through entrepreneurship.  Through their bold leadership skills, adaptability, and tenacity, I am confident that these men and women will continue enhancing our communities.”

Nearly 1 in 10 of all U.S. firms are veteran-owned. These 2.5 million veteran-owned businesses employ more than 5 million Americans and generate more than $195 billion in annual payroll and $1.1 trillion in annual sales.

The full resolution is available online.

RESOLUTION

Commemorating and acknowledging veteran-owned small businesses.

Whereas members and veterans of the Armed Forces of the United States develop a wide array of skills during their time of service that support entrepreneurship;

Whereas many veterans build on their experience in the Armed Forces to start their own business after leaving active service;

Whereas veterans form a vital part of the U.S. labor force, and firms that hire veterans benefit from their diverse set of skills;

Whereas more than one in five veterans surveyed have purchased a business, started their own business, or considered doing so;

Whereas there are more than 2.5 million veteran-owned businesses in the United States, representing more than 9 percent of all U.S. firms;

Whereas veteran-owned businesses employ more than 5 million people and generate an annual payroll of $195 billion;

Whereas veteran-owned businesses generate more than $1.14 trillion in annual sales;

Whereas the Small Business Administration, through its Boots to Business program, has trained more than 30,000 service members, veterans, and their spouses on launching their own small business;

Resolved, That the House of Representatives—

Supports the designation of “Veteran-Owned Small Business Week”;

honors and recognizes veterans for their service to the United States; and,

celebrates the entrepreneurial spirit and work of veteran small business owners.

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MIL OSI USA News