Would-be veteran entrepreneurs planning to leave the military and launch their own businesses need more access to capital and support services to succeed in their efforts, outside advocates told lawmakers on Wednesday.
“We have to elevate the conversation related to veteran business ownership in this country in a way where those interested become networked,” said Michael Haynie, executive director of the Syracuse University Institute for Veterans and Military Families, during a House Small Business Committee hearing.
“We need something akin to a health care network, where we can manage the coordination and the navigation of veteran-owned businesses through [available] resources,” Haynie added. “It starts at the local community level, extends to the state level, and then available increased federal resources, primarily from the Small Business Administration.”
The hearing comes as federal officials have reported an uptick in…