|FSBDCN State Office: Veterans Day is a time when Americans recognize and honor our nation’s 22 million veterans and their families for their sacrifices and service to our country. Annually, 250,000 service members transition from active duty to civilian life. Many of these veterans have the training, experience and leadership skills to continue serving their country by transferring these skills into strong, job-creating businesses. As the economy continues to strengthen, it has never been more important to empower veteran entrepreneurs and small business owners to succeed.
According to the most recent U.S. Census data, veterans own 2.4 million businesses in the United States or nearly 1 in 10 of all businesses nationwide. These businesses employ close to 6 million Americans. Ranked 3rd for the greatest number of veteran-owned businesses, Florida has 176,727 veteran-owned businesses with revenue of $61.9 billion. Of these, 35,548 provide jobs for 310,154 people with an annual payroll of $10.6 billion.
“America’s veterans deserve every opportunity possible to benefit from resources that could help them start and grow successful businesses,” said Michael Myhre, State Director (Interim) of the FSBDC Network. “The Florida SBDC Network is committed to empowering them with the tools and professional expertise they need to succeed.”
Last year, the Florida SBDC Network served 1,800 veterans through consulting, training and information. Representing 13% of all clients served, these veterans significantly contributed to the FSBDCN’s resulting economic impact of 47,845 jobs created, retained and saved; $6.3 billion in sales growth; $235.2 million in capital accessed; $588.4 million in government contract awards; and 744 new businesses started.
About the FSBDC Network
In 2012, the Florida SBDCs served approximately 38,000 entrepreneurs and small business owners through consulting and training, resulting in 47,845 jobs created, retained and saved at a significantly low cost of $112 per job; $6.3 billion in sales growth; $235.2 million in capital accessed; $588.4 million in government contract awards; and 744 new businesses started. For every $1 of Florida public and private sector investment in the FSBDC program, $40 was returned to the state in tax revenue.
A statewide service network of 41 centers with 60 outreach locations, the Florida SBDC Network is funded in part by the U.S. Small Business Administration (SBA), Defense Logistics Agency, State of Florida and other private and public partners, with the University of West Florida serving as the Network’s designated lead host institution. The Florida SBDC Network is state designated as Florida’s principal provider of business assistance and is nationally accredited by the Association of SBDCs.
To learn more about the Florida SBDC Network or to find a FSBDC near you, visit www.FloridaSBDC.org.