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IVMF Awarded $5 Million and Named Veterans Business Outreach Center

SBA Administrator Isabella Casillas Guzman at NVRC-JSmith.jpg
John Smith
SBA Administrator Isabella Casillas Guzman at NVRC

The U.S Small Business Administration has selected the Institute for Veterans and Military Families at Syracuse University as one of 22 Veterans Business Outreach Centers in the nation. The Administrator of the S-B-A paid a visit to present the 5 million dollar award that will assist veteran entrepreneurs. Isabella Cassillas Guzman says the gift through the American Rescue Plan also includes the Community Navigator Pilot Program.

“We funded the institute for better ends and military family's money to provide technical assistance and connection to resources for veterans.”

She says the Economic Injury Disaster Loan Program is also an excellent way for veteran entrepreneurs to get capital. Guzman hopes veteran entrepreneurs can build on prior SBA assistance they may have received during the pandemic.

“As we know, small businesses had to adopt technology or figure out how to change their business model to offer new services or products that can compete in this market place. So, all of our resource partners are available to help guide the businesses through that strategic planning process and then guide them to the capital they need through the SBA and through our partner network to succeed.”

She adds the Biden-Harris Administration has committed investments to making sure all entrepreneurs can advance. More information about SBA programs are available at SBA.Gov.