SBA awards $1 million to Syracuse University to expand entrepreneurship training programs for overseas military

Today, the U.S. Small Business Administration announced that it has awarded $1 million to the Institute for Veteran & Military Families (IVMF) at Syracuse University for providing entrepreneurship training to military members and their spouses, both inside and outside the continental United States and abroad.

This funding, provided by the SBA Veterans Affairs Office Business developmentwill enable the IVMF to offer “Boots to Business,” the Department of Defense Transition Assistance Program entrepreneurship track and follow-up training, to overseas military families.

“The Syracuse University Institute for Veteran and Military Families is a crown jewel in advancing the post-military life of U.S. service members, veterans, and their families. IMVF, a community-level navigator 1, will use this funding to continue to help transitioning military members, veterans and their families return to active civilian life by harnessing the exceptional skills learned in uniform, such as discipline, work ethic, strategic planning and incorporating them into their entrepreneurial goals,” said SBA Atlantic Regional Administrator Marlene Cintronwhich oversees the federal agency’s operations throughout New York, New Jersey, Puerto Rico and the US Virgin Islands.

“Syracuse University has long been a premier institution for veterans and veteran entrepreneurs, and the IVMF has demonstrated an unprecedented commitment and ability to train transitioning service members and their spouses to entrepreneurship,” said Bernard J. Paprocki, SBA District Manager in Upstate New York. “Boots to Business not only supports participants’ growth, equipping them to launch a successful business, but it also helps military personnel and families leverage their exceptional talents to grow the local economy upon their return home. ”

The Boots to Business course provides an overview of entrepreneurship and the fundamentals of business ownership, the same program offered in the United States. This course is intended for active duty military (including National Guard and Reserve members), veterans, and spouses.

Pricing is for an initial project period of 12 months plus four option years, subject to availability of funds.

The SBA Boots to Business program has served more than 156,000 transitioning service members, veterans, and military spouses since its launch on January 1, 2013. The program is a collaborative effort between SBA district offices, SBA Resource Partners (Veterans Business Outreach Centers, Association of Women’s Business Centers, SCORE, Small Business Development Centers), SBA Office of Veterans Business Development, and Grant Partners (Cooperative Agreement).

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