This bipartisan bill continues the funding of the Boots to Business program which provides the necessary training and support for military service members and their spouses to create small businesses.
April 19, 2023
The Honorable Brad Schneider
10th District of Illinois
300 Cannon House Office Building
Washington, DC 20515
The Honorable Tammy Duckworth
Senator from Illinois
524 Hart Senate Office Building
Washington, DC 20510
Dear Representative Schneider and Senator Duckworth,
On behalf of the over 2 million members of AMAC – Association of Mature American Citizens I write to offer our support for H.R. 1606, the Veteran Entrepreneurship Training Act of 2023, and its Senate companion, S. 38.
As an organization comprised of many veterans of America’s armed forces, AMAC is vested in ensuring that veterans can transition successfully to civilian life and provide for themselves and their families. The Small Business Administration’s Boots to Business (B2B) program provides military servicemembers and their spouses with training and support that helps in the creation of small businesses but also in the transition from military to civilian life (Key Insights – 2021 National Survey of Military-Affiliated Entrepreneurs). Thankfully, this bill amends the Small Business Administration Act to authorize the B2B program through 2028.
The success of veteran entrepreneurial efforts is important not only for American veterans and their spouses but for the American economy. According to the Small Business Administration (SBA), small firms (fewer than 500 employees) represent 99.7% of all employer firms in the United States and employ roughly half of U.S. workers (SBA Office of Advocacy – FAQ). Additionally, the SBA reports that veterans are twice as likely to start their own business compared to non-veterans. Finally, a report by the Institute of Veterans and Military Families found that “veterans are well equipped to be successful entrepreneurs, possessing many of the skills found in entrepreneurs, including a propensity for risk-taking. Reasons veterans want to become entrepreneurs include a desire to be creative, regain a sense of service, tackle a challenge, work with a team, and apply learned and developed skills.”
Thank you, Representative Schneider, and Senator Duckworth, for sponsoring bipartisan legislation to continue funding Boots to Business. This program has served over 21,000 servicemembers and their spouses and, if passed, will continue to offer important training and resources to the military community which will in turn, help boost the American economy. AMAC is pleased to offer our organization’s full support for H.R. 1606 and its Senate companion, S. 38.
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