Champions of Change

Data shared by the U.S. Small Business Administration (SBA) shows that Veterans are 45% more likely to start their own businesses than people without active-duty military experience. The SBA’s data also showed that Veteran-owned small businesses have a higher success rate.

Veteran Entrepreneurs utilize a skill set and drive to succeed that they developed through their military service. Their successes boost our nation’s economy. According to data from the most recent U.S. Census, 10% of all U.S. small businesses are Veteran owned. Veteran owned businesses generate more than $1.2 trillion in receipts each year, and employ over 5.5 million Americans, many of them Veterans as well.

In a campaign to boost the economy by generating more Veteran entrepreneurs, the president and the SBA have launched programs that include the Boots to Business program. This initiative is an entrepreneurship training program for transitioning service members that educate them on how to start, develop and maintain their small businesses. The SBA has provided Boots to Business to over 6,000 service members since its inception.

Another way to boost entrepreneurship is by honoring and recognizing the individuals who are making a difference both as Veteran entrepreneurs and those working to advance Veteran entrepreneurs. You can help identify and honor Veteran entrepreneurs, Veteran spouse entrepreneurs, and organizations that support Veteran entrepreneurs by nominating a Champion of Change for Veteran Entrepreneurship by midnight on June 24th.

Honorees receive an invitation to the White House to share their ideas in order to win the future.

Nominees may include:
• Veterans who have started either a for-profit or non-profit business.
• Veteran spouses who have started a for-profit or non-profit business.
• Organizations that support Veteran entrepreneurs by providing them with skills, capital, or other resources.
Nominations can be submitted on the Nominations Page at
The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Champions of Change Nominees: By Debbie Gregory