A few weeks ago, Walmart in partnership with the Coalition for Veteran Owned Business (CVOB) hosted VetSource in Norfolk, VA. The purpose of the event was to connect military and veteran entrepreneurs with Fortune 500 corporations for business contract opportunities. The event included supply chain matchmaking opportunities, workshops, and business educational support for conference attendees. According to Yahoo Finance, in addition to the event, Sam’s Club announced “a $400,000 grant to the SCORE Foundation to support the 2018 American Small Business Championship which celebrates and recognizes America’s entrepreneurs. The SCORE Foundation is the charitable arm of SCORE, mentors to America’s small businesses.”
Veterans have long been the backbone of Americans and earned the much needed support both individually and company wise. “According to the Small Business Administration, more than 2.5 million small businesses in the U.S. are veteran-owned. In addition, veteran-owned businesses generate more than $1.2 trillion in sales per year and employ more than 5.8 million people in the U.S.” With organizations and events popping up every year it seems, our veterans are receiving the promotion they deserve. Expect events like this to only grow in the future.
Walmart for its part, is no stranger to supporting military, veterans, and their families. A few of the companies commitments include the following;
- The Veterans Welcome Home Commitment has helped Walmart hire more than 179,000 veterans since May 2013, and of those hires, more than 24,000 have been promoted to jobs of greater responsibility.
- Walmart recently announced major changes to its military leave of absence policy, offering differential pay to associates for any military assignment, including voluntary service like basic training, allowing associates who are considering enlisting in the armed forces to do so without fear of losing wages.
- Since 2011, Walmart and the Walmart Foundation have pledged a total of $40 million for veteran reintegration programs through 2019 to help address challenges many veterans face when returning to civilian life.