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State: Washington DC

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Small, veteran-owned businesses are a big deal, and not just for the veteran entrepreneurs who start them. According to the U.S. Small Business Administration (SBA), there are 2.4 million veteran-owned firms in America, and those businesses employ some 5.8 million of their fellow vets. That’s what we call a force multiplier.

The SBA also says that veterans are 45% more likely to start their own businesses than their civilian counterparts. The Veterans Future Lab at the New York University Tandon School of Engineering conducted a study to find out why that is, what their challenges are, the resources they use to overcome those challenges and the lessons they learned from the experience. (Continue reading here…)

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