Small Business
SBA, Six Universities to Offer Business Training for Iraq/Afghanistan Disabled Vets
Nov 17th
SBA Adds New Training Tools to Increase Opportunities for Vets
WASHINGTON–(BUSINESS WIRE)–The U.S. Small Business Administration today announced a three-year agreement to expand and deliver entrepreneurship training for service-disabled veterans of the wars in Iraq and Afghanistan.
The agreement with SBA’s Office of Veterans Business Development will support the expansion of the year-long Entrepreneurship Bootcamp for Veterans with Disabilities (EBV). The expansion of this innovative management training and mentorship program will maximize small business programs for veterans, service-disabled veterans, reserve-component members, and their dependents or survivors.
Additionally, this week SBA launched a new online contracting tutorial on www.sba.gov, as part of its ongoing efforts to expand services to veterans and service-disabled veterans. Veterans and military spouses who own small businesses can utilize this free online course to learn how to identify and take advantage of federal contracting opportunities.
“At this important time, with veterans returning from foreign soil in increasing numbers, we at the SBA are working to ensure they have the resources to successfully start and run their small businesses. As a result of the leadership skills they develop during their service, veterans over-index in entrepreneurial activities,” SBA Administrator Karen G. Mills said today. “Our commitment is to honor that service by helping our nation’s veterans – especially those who return home with disabilities – fulfill the American Dream. Initiatives like the Entrepreneurship Bootcamp and our online training courses give veteran business owners the tools they need to grow, be competitive, and create jobs.”
Working with Syracuse University’s Whitman School of Management, the University of Connecticut School of Business, Mays Business School at Texas A&M, UCLA Anderson School of Management, Florida State University’s College of Business, and the Krannert School of Management at Purdue University, SBA’s grant and other assistance will significantly expand the reach and impact of the EBV initiative and help maximize economic opportunities for U.S. veterans with disabilities.
The expansion of SBA’s entrepreneurship training initiatives builds on SBA’s support for veterans through its Patriot Express loan program. In less than two-and-a -half year’s time, this pilot loan initiative has supported nearly $400 million in loans to more than 4,700 veterans and spouses looking to establish or expand their small businesses. As a result of the American Recovery and Reinvestment Act, which raised loan guarantees to 90 percent and temporarily eliminated fees, the number of Patriot Express loans increased by more than 20 percent this year over 2008. Local SBA district offices have a listing of Patriot Express lenders in their areas. Details on the initiative can be found at www.sba.gov/patriotexpress.
To learn more about additional opportunities for veterans available through the SBA, please visit www.sba.gov.
Popularity: 14% [?]
A tiny niche in collectible coins grows into a $5 million mini-empire
Nov 2nd
Jeffery Morin’s business has exploded since the days he ran it out of his Marine Corps barracks.
By Thomas Heath–Washington Post–
Jeffery Morin’s memorabilia business in Stafford probably isn’t the next Google or eBay, but I love the 27-year-old’s story because it’s about a regular guy who saw an online opportunity and went for it.
Morin was noodling around on eBay, the auction Web site, seven years ago while serving in the U.S. Marine Corps aboard the amphibious assault ship USS Wasp in the middle of the Red Sea. He stumbled across some people selling old military memorabilia coins, about the size of a silver dollar, called “challenge coins.” Challenge coins are collectibles used by the U.S. military to commemorate service in a unit or participation in an exercise.
“Poor man’s coin collecting,” as Morin puts it.
EBay customers were bidding $15 for coins Morin knew he could buy at a Marine Corps base for $5. So when he got back to Camp Lejeune, N.C., he marched to the base store and bought 30 generic Marine Corps coins for $4.50 each. (He persuaded the store manager to knock 50 cents off the $5 price.)
Morin took a photograph of one coin and posted it on eBay. It sold in three days for $11.50, yielding a $7 profit.
Popularity: 13% [?]
Vets find barbecue franchises suit their tastes
Sep 28th
By Lee Graves—Virginia Business.com—
Mark Petersen grew up in eastern North Carolina, where the tangy vinegar sauce is legendary in barbecue lore.
Ed Totanes grew up in the Philippines eating barbecue as well, but although the dish had the same name, it was a world away from Petersen’s pulled-pork delicacy. “The first real vinegar-based barbecue I had was in Florida, and it tasted so different,” Totanes says.
Now both have turned their love for barbecue into business enterprises, thanks in large part to another common trait — military service.
Through a program called the Veterans Transition Franchise Initiative (VetFran), Petersen and Totanes each received a $5,000 discount on their fees to open Virginia Barbeque franchises. (The initial franchise fee is $25,000.) “You can really make a lot out of $5,000,” says Totanes, who has opened barbecue franchises in Blackstone and Farmville.
Totanes served as a hospital corpsman and submariner during 20 years in the U.S. Navy. He attained U.S. citizenship while in the service, and by the time he retired in 2007 he was president and CEO of General Aviation Flying Co., a Virginia-based firm that acquires and sells previously owned aircraft.
Popularity: 17% [?]
Dispute at the Met Escalates as the Police Ticket Seven Food Vendors
Aug 27th
New York TimesIn what appeared to be a coordinated crackdown on the proliferation of food vendors — many of them disabled veterans — outside the Metropolitan Museum of Art, police officers swooped down on Fifth Avenue Wednesday and began issuing hefty summonses. They ordered at least one vendor to shut down his cart.
In all, officers wrote seven summonses to vendors who had “positioned their carts beyond the curb line,” said Paul J. Browne, the Police Department’s chief spokesman.
The legal status of the vendors is murky. The city used to make money by selling vending rights to two hot-dog carts outside the museum, on Fifth Avenue at 82nd Street, but in 2007, a disabled veteran, Dan Rossi, arrived, saying a 19th-century law enabled him to operate freely in some areas that are off limits to others. Soon, other veteran-operated carts joined his.
While the city does not contest the basic right of disabled veterans to operate in front of the museum, it says there is room for only one vendor, because of regulations regarding the location of the carts and because bus and taxi boarding zones must be kept clear.
Two weeks ago, officers began handing out summonses, in most cases saying the carts were too far from the curb. Vendors said they were in a bind: If they were near the curb, they would be ticketed for obstructing the bus and taxi stops, and if they were farther out on the sidewalk, they would be ticketed for being too far from the curb.
The crackdown on Wednesday appeared to be the most coordinated action against the vendors to date. By 10 a.m. Wednesday, six of nine vendors outside the museum had been issued tickets for fines of up to $1,000.
“They’re saying this is a sidewalk, and we’re saying it’s a plaza,” said Leo Morris Jr., 62, a disabled Vietnam War veteran. “People couldn’t sit around in the street like this. It has to be a plaza. If this is a plaza, then as a disabled veteran, I have a right to be here.”
He said he had been issued six tickets in the last month. After five, Mr. Morris said, the $1,000 fine becomes mandatory.
Jerry Cruz, 40, a veteran of the current Iraq war, said he had received two tickets, one for being too far from the curb and one for having the wrong kind of food permit — a citation he said he had not received in the past.
Mr. Cruz said he was ordered to shut down his cart.
“I usually get here at 10 o’clock,” he said. “I get here at 5 minutes to 10, and they’re already harassing us.”
Harold Holzer, a museum spokesman, said in a statement: “As visitors have been reporting to us by phone, and in letters and e-mails, they are finding it increasingly difficult to enter the building, and almost impossible to exit at the end of the day. The situation poses not only difficulty but danger.”
But some tourists and locals continued to patronize the carts, even as the police drove away.
Lisa Magnarella, 40, of Poughkeepsie, N.Y., sat with her daughter, Sarah, 9, eating hot dogs on the steps of the museum.
“We didn’t have to go into the Met and pay high prices for lunch,” Ms. Magnarella said. “So I think they should be able to be there. They’re just Americans like you and me, trying to make a living.”
Popularity: 15% [?]
The Stick it to Veterans Stimulus
Jun 19th
How America’s veterans are getting short changed by the economic stimulus
A quick reading of the economic stimulus quickly reveals a lack of interest in stimulation for America’s veterans. As of May, there are more unemployed veterans then we have had in decades. To be exact there are 1,045,000 unemployed veterans across the United States. Of those, 180,000 are OEF/OIF veterans.
What does that mean? Well, there are more unemployed Iraq and Afghanistan veterans then there are men and women serving in those wars. One would think that with America’s heroes returning home from war to fight another on unemployment, our nation’s lawmakers would go full hog to help them out. Not really. So what did veterans gain from the stimulus.
A $250.00 windfall–Don’t spend it all it once.
and
In fairness, the only decent provision veterans did receive was provided by freshman Virginia Representative Glenn Nye, which provides a tax break for employers that hire recently separated servicemembers.
So where are we getting shortchanged?
In reading today’s Washington Post metro section I was disappointed to say the least.
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/16/AR2009061603086.html
Two events are about to occur simultaneously. First, the State of Virginia is about to start issuing contracts for stimulus related projects. Once these companies receive these contracts they will start to employ individuals.
This my friends is where veterans receive the shaft. Currently, there are no Virginia specific laws that require companies receiving contracts to do anything for veterans, nor are there any requirements for these companies to do anything for veterans’ employment. But there are requirements for contractors receiving federal contracts. Additionally, 3 percent of all federal contracts are supposed to be awarded to small disabled veteran owned businesses (SDVOSB’s). But wait, isn’t stimulus money federal money? It would seem that these same requirements should apply to this grant money.
Thanks for asking but—No!
Indeed, so our federal tax dollars that otherwise would provide employment and contract opportunities for veterans are being bypassed in the stimulus! Since stimulus funds are technically state grants, the states are not required to adhere to the federal veteran requirements even though the money is federal.
When approached for a fix many of our legislators turned their back/ear/leg in fear it would slow the rate of recovery—no worries over the skyrocketing unemployment numbers of veterans, particularly recently separated servicemembers.
In conclusion, Virginia lawmakers need to stipulate that all companies receiving stimulus dollars have a veteran employment preference for those projects. Also, 3 percent of all Virginia contracts and sub-contracts being funded by federal stimulus money ought to be set-aside for small disabled veteran owned businesses from Virginia.
Anything less is sticking it to Virginia Veterans!
Popularity: 6% [?]

