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SBA's first online veteran-owned small business entrepreneurial training program open to New York veterans

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Thu, Jun 11th 2020 11:25 am

Earlier this week, the U.S. Small Business Administration announced it’s launching its first online Veteran Entrepreneurial Training and Resource Network (VETRN) Streetwise MBA program to New York veteran small business owners and their immediate families beginning in August. Applications may also come from eligible applicants in New Jersey and Connecticut.

“Thanks to $100,000 in funding from President Donald Trump’s donated salary, this will be the second phase of the Veteran Owned Small Business Growth Training Pilot Program, following the successful completion of the first segment that was held earlier this year in New England,” said SBA Atlantic Regional Administrator Steve Bulger, who oversees the agency’s programs and services in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands.

The award-winning VETRN Streetwise MBA program, powered by Interise, was created exclusively for veterans to provide them with the skills, resources, mentoring, and networking necessary to grow their own small business. The program is free and now open to veterans and family members of established small businesses in all New York, New Jersey and Connecticut. To date, 57 VETRN participants have graduated from the program.

“The SBA is dedicated to finding new and innovative ways to provide virtual support for our veteran-owned small businesses during these trying and unprecedented times,” Bulger said. “In addition to SBA’s Boots to Business, Boots to Business Reboot, Veterans Business Outreach Centers programs and other SBA business resources, this just gives our veteran community in New York and New Jersey another option and an effective means to grow their businesses.”

SBA Buffalo District Director Franklin J. Sciortino said the online program content is designed to help veteran entrepreneurs build operational capacity, increase revenues, manage cash flow, and create sustainable jobs. Addressing the COVID-19 economic impact, VETRN has added classes on crisis management, and training on how to work with lending institutions and other stakeholders when facing financial difficulties.

“It is important for the SBA to provide information tools to help our nation’s veteran entrepreneurs who desire the personal freedom and economic independence that can come with business ownership,” Sciortino said.

The VETRN program is open to veteran-owned businesses (or be a veteran immediate family member), located in New York, New Jersey or Connecticut. To qualify for the program, a veteran business owner or family member’s business must have been operational at least one year and have generated at least $75,000 in annual revenues. Exceptions may be considered on a case-by-case basis.

To learn more about the VETRN Streetwise MBA online program, see testimonials and videos, visit www.vetrn.org. Applications may be completed online at https://vetrn.org/apply/. Additional information on the program may also be obtained at the VETRN website or by sending an email to either [email protected] or [email protected].

For more information about other SBA programs and resources for veterans, visit www.sba.gov/veterans.

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