{"id":65126,"date":"2022-03-24T15:35:44","date_gmt":"2022-03-24T15:35:44","guid":{"rendered":"https:\/\/one.sightlinemg.com\/armytimes\/uncategorized\/2022\/03\/24\/lawmakers-question-if-vet-entrepreneurs-are-getting-enough-help-to-start-new-businesses\/"},"modified":"2026-08-08T11:50:24","modified_gmt":"2026-08-08T11:50:24","slug":"lawmakers-question-if-vet-entrepreneurs-are-getting-enough-help-to-start-new-businesses","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/armytimes\/education-transition\/2022\/03\/24\/lawmakers-question-if-vet-entrepreneurs-are-getting-enough-help-to-start-new-businesses\/","title":{"rendered":"Lawmakers question if vet entrepreneurs are getting enough help to start new businesses"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">House lawmakers want to know why veterans looking to launch their own businesses are having trouble getting start-up capital, and whether federal support programs are doing enough to help.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a letter to the Government Accountability Office this week, <a href=\"https:\/\/www.militarytimes.com\/news\/pentagon-congress\/2020\/12\/03\/illinois-lawmaker-tapped-as-next-ranking-member-on-house-veterans-affairs-committee\/\" target=\"_blank\">House Veterans\u2019 Affairs Committee ranking member Mike Bost<\/a>, R-Ill, and House Small Business Committee ranking member Blaine Luetkemeyer, R-Mo., asked for an analysis of current <a href=\"https:\/\/www.sba.gov\/about-sba\/sba-locations\/headquarters-offices\/office-veterans-business-development\" target=\"_blank\">Small Business Administration<\/a> programs targeting <a href=\"https:\/\/www.militarytimes.com\/education-transition\/2019\/12\/12\/these-are-the-best-cities-for-veteran-entrepreneurs\/\" target=\"_blank\">veteran entrepreneurs<\/a> amid concerns that they may not be providing as much support as they could.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt is imperative to study and examine access to capital issues for all small businesses, including those owned and operated by veterans,\u201d the lawmakers wrote.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cGiven the SBA\u2019s role in assisting the nation\u2019s job creators, it is critically important to better understand how they are serving veteran-owned small businesses, including how their lending programs reach veteran-owned small businesses, and the work the SBA conducts toward improving outcomes for these business owners.\u201d<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/militarytimes\/education-transition\/2022\/02\/18\/dod-career-transition-programs-lack-evidence-they-work-study-shows\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/CredentialingUSMAP.jpg.jpg?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">DoD career transition programs lack evidence they work, study shows<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">A report published Feb. 17 by the Government Accountability Office shows that the DoD is failing to assess whether career transition programs are actually effective.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">According to an SBA study released last summer, veterans own about 9 percent of all U.S. businesses and employ roughly 5.8 million workers across the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, agency officials have also seen decreasing rates of entrepreneurship among post-9\/11 veterans. That\u2019s in part due to a general decline among all Americans, but the problem is even more pronounced among individuals starting new careers after military service.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bost and Luetkemeyer said they have heard those challenges echo in their own conversations with would-be veteran entrepreneurs, particularly when it comes to access to business start-up capital.<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/militarytimes\/education-transition\/2022\/03\/04\/veterans-unemployment-matched-its-lowest-levels-of-the-pandemic-in-february\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/AP22055496259691.jpg.jpg?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">Veterans unemployment matched its lowest levels of the pandemic in February<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">The overall veterans unemployment rate was 3.2 percent in February, down from 3.8 percent in January.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">SBA does have an Office of Veterans Business Development focused specifically on that group, but lawmakers said more data is needed to find out if those programs are providing the specific support needed by veterans to launch a business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to estimates from the Bureau of Labor Statistics released earlier this month, the overall veterans unemployment rate was 3.2 percent in February, matching the lowest monthly mark since the start of the coronavirus pandemic in early 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A pair of GOP lawmakers wants more information on Small Business Administration programs geared towards 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