Veteran owned business grants to help veterans start new phase of civilian life
Veterans often find it difficult to adjust back to civilian life, particularly if their military service was of longer duration. It can be even more difficult to adjust for disabled veterans, who may not be able to perform the physical requirements associated with some jobs. Fortunately, federal and state governments, and private foundations have recognized this problem, and offer funding through veteran-owned business grants to help veterans acquire the resources needed to start their own small businesses. About 3% of federal grant dollars are distributed each year to members of Service Disabled Veteran-Owned Small Businesses (SDVOSB) program. The Second Service Foundation Grant gives three veteran owned business grant s each year, based on their pitch before a group of judges. The first-place winner receives $15,000, second-place winner gets $6,000, and third-place winner gets $4,000. The actual grant amount varies from year-to-year . V...