Title: The Military Spouse Pathway to Business Program: Creating Economic Opportunities and Empowering Entrepreneurs
In a significant development that has the potential to revolutionize small business ownership, the U.S. Small Business Administration (SBA) has launched a dynamic new business training initiative called “The Military Spouse Pathway to Business Program.” This comprehensive program aims to enhance economic opportunities for military spouses and is in line with the White House Executive Order 14100, which prioritizes bolstering economic potential for military and Veteran spouses, caregivers, and survivors.
Investing in Military Families:
Administrator Isabella Casillas Guzman of the SBA emphasizes that the Biden-Harris Administration is committed to increasing economic opportunities for military families. The SBA recognizes the importance of investing in Veterans and military families, providing them with tailored programs and comprehensive support resources to pave their entrepreneurial paths and ensure they are included in the small business wave that has sparked job creation and innovation nationwide.
Tailored Programs for Military Spouses:
Guzman affirms the SBA’s readiness to offer military spouses customized programs and layered support resources, enabling them to pursue their dreams of business ownership. These programs will equip participants with the necessary knowledge and skills to develop business plans and evaluate business concepts. The Military Spouse Pathway to Business Program offers both in-person and virtual classes throughout the year, providing flexibility for military spouses to participate.
Empowering Military Spouse Entrepreneurs:
The SBA District Offices and SBA Resource Partners will deliver the program’s curriculum, aiming to empower military spouse entrepreneurs with the same opportunities available to service members and Veterans. These resources range from counseling and training to access to capital, federal contracting, and disaster assistance. Acting Associate Administrator for the Office of Veterans Business Development, Timothy Green, highlights that while military spouses were previously encouraged to attend similar programs, this new initiative offers a more personalized approach specifically tailored to their unique experiences.
Curriculum Highlights and Additional Support:
The program’s curriculum covers a wide range of entrepreneurial business concepts, including market research, economics, legal considerations, and finances. Participants will also receive information about additional resources to help them secure startup capital, access technical assistance, and explore contracting opportunities. Military spouses interested in embarking on an entrepreneurial journey are encouraged to sign up for the in-person or virtual classes and can reach out to their local Veterans Business Outreach Center or SBA District Office for more information.
Introduced by the Biden-Harris Administration, the Military Spouse Pathway to Business Program provides a promising opportunity for military spouses to pursue their entrepreneurial dreams. By enabling their participation in the flourishing small business sector, this program contributes to driving economic growth. It is a crucial step towards creating more economic opportunities for military families and ensuring their inclusion in the nation’s business landscape.
Small Business Administration (SBA)
White House Executive Order 14100