City launches program to help vets start businesses
by Lydia Stetson
Nov 13, 2013 | 721 views | 0 0 comments | 13 13 recommendations | email to a friend | print
The city announced this week it will launch a new program to aid New York City veterans in starting new businesses.

Veterans are at least 45 percent more likely to be self-employed and typically outpace their non-military peers in startup rates and profits.

“We can never repay our veterans the debt we owe them, but we can do everything possible to support those who have served by improving services that can help their transition to civilian life,” said Mayor Michael Bloomberg. “Veterans have just the kind of leadership, discipline, and work ethic you need to launch a successful business and create jobs, and we’re determined to help more veterans succeed.”

The Veteran Entrepreneurship Program will begin in February of 2014 with 25 veterans, who will participate in a free program at the SUNY Levin Institute in Manhattan.

The program will kick off with an interactive two-day session where the veterans will learn about the roles and responsibilities of a business owner. Attendees will learn how to judge whether a business idea is good or bad, different routes toward entrepreneurship, and local resources specifically for veterans.

Afterwards, the veterans will begin a four-week course on topics such as business planning, marketing, and financing. The program specifically will connect participants with local, veteran business owners who will serve as mentors.

“We have been working since 2009 with Kauffman FastTrac to help more than 2,500 entrepreneurs start or grow a business in New York City,” said Robert Walsh, commissioner of the Department of Small Business Services. “Partnering with the Institute for Veterans and Military Families at Syracuse University will help us apply this expertise directly to the veteran community.”

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