by Ray Hayes
In 2013, New York City Council authorized a report entitled A Roadmap for Supporting Veteran Owned Businesses, to investigate ways the city could support veteran entrepreneurship. The report provided valuable information and created the beginning formula for a program focused on providing business services to veterans.
According to CityandState.com, the report recommended, “…against a city contract procurement goals program, estimating that only 6,200 veterans would be able to contract with the city, out of a total city veteran population of about 235,000. Instead, the city recommended funneling entrepreneurial veterans through existing program like the MWBE program or the Emerging Business Enterprise Certification Program.”
In addition to the New York City Council, the Department of Veterans’ Services also commissioned a report by Syracuse University’s Institute for Veterans and Military Families to tackle problems veteran entrepreneurs face trying to access capital, networking with other business owners and mentorship.
Although the program is still in development, there is a belief that this could be the start of creating many opportunities within the city for veteran owned businesses. Once more information is released we will be sure to share it with our readers.