Forging Fe-Male Leadership: A Deep Dive Into FeMil℠ and FeMil Lead℠

From the desk of Angel Shuford, VP/CFO

As female veterans transition from military service to the world of business, their journey is marked by both opportunity and challenge. While their time in uniform has instilled discipline, resilience, and leadership, the entrepreneurial landscape often presents barriers such as access to capital, mentorship, and structural support. Recognizing this unique intersection of strength and potential, FeMil℠ and FeMil Lead℠ were created to empower female veterans as they navigate their entrepreneurial journeys.

In this comprehensive exploration, we’ll unpack the mission, vision, and transformative impact of these initiatives, along with the broader significance of fostering female leadership in the veteran entrepreneurial space.

The Dual Symbolism of Fe and Pb: A Foundation for Empowerment

Fe (Iron): Strength and Resilience

Iron, represented as Fe in the periodic table, is a metal known for its unyielding strength and ability to withstand immense pressure. For female veterans, iron symbolizes the foundational qualities they bring to business:

• Resilience: Overcoming adversity and adapting to new challenges.

• Discipline: A core value instilled through military service.

• Strength: The ability to endure and thrive in demanding environments.

FeMil℠ embodies this symbolism by building a community of women who channel their inner "iron" to lay the groundwork for entrepreneurial success.

Pb (Lead): Adaptability and Leadership

Lead, represented as Pb, offers a complementary symbolism. Unlike iron, lead is malleable, capable of being shaped and adapted to meet diverse challenges. It also bears significant weight, reflecting the responsibilities of leadership. FeMil Lead℠ equips female veterans to:

• Evolve their resilience into transformative leadership.

• Adapt to changing business landscapes.

• Carry the weight of decision-making with confidence and clarity.

Together, Fe and Pb tell a story of empowerment. They capture the journey of female veteran entrepreneurs as they move from foundational strength to dynamic leadership.

The Challenges Female Veterans Face in Business

1. Access to Capital

Studies show that over 67% of veteran entrepreneurs cite access to funding as their primary challenge. Female veterans face additional hurdles, including systemic biases and inequities in the financial system, making it harder to secure loans or venture capital.

2. Lack of Mentorship and Networking Opportunities

While veterans often excel in leadership, they frequently lack access to structured mentorship programs and entrepreneurial networks. According to the 2018 Jacksonville Vetrepreneur Summit, only 44% of veterans reported having sustainable mentorship, highlighting a critical gap.

3. Scaling and Sustaining Businesses

Although 70% of surveyed female veterans expressed interest in starting a business, many struggle to scale and sustain their ventures due to limited resources, guidance, and government support.

FeMil℠: Laying the Foundation for Aspiring Entrepreneurs

Networking Opportunities

FeMil℠ provides structured platforms to connect female veterans with peers, mentors, and industry leaders. These connections help foster collaboration, build confidence, and inspire innovation.

Resource Access

From understanding business formation to navigating legal and financial complexities, FeMil℠ offers tailored guidance to help female veterans lay the groundwork for their businesses.

Funding Education

FeMil℠ equips participants with the tools to secure startup capital, from understanding loan processes to crafting compelling pitches for investors.

Transformative Success Stories

• Case Study 1: A female Navy veteran used FeMil℠ resources to launch a successful tech startup, overcoming challenges in capital acquisition and scaling her business to international markets.

• Case Study 2: A former Army officer utilized mentorship connections from FeMil℠ to grow her sustainable fashion brand, securing key partnerships in her state.

FeMil Lead℠: Transforming Strength into Leadership

Advanced Leadership Training

Through FeMil Lead℠, participants receive in-depth training on leadership development, strategic decision-making, and team management.

Growth-Focused Tools

FeMil Lead℠ provides access to cutting-edge technologies and business tools, empowering entrepreneurs to scale their operations effectively.

Personalized Mentorship Programs

Participants are matched with seasoned entrepreneurs who provide guidance tailored to their industries and business goals.

Notable Alumni

• A Marine Corps veteran who transformed her small bakery into a nationwide franchise with FeMil Lead℠’s mentorship and strategic tools.

• An Air Force officer who expanded her cybersecurity firm into international markets, leveraging FeMil Lead℠’s global network.

Legislative Advocacy: Creating Systemic Change

The Invest in Veterans Stimulus Act

FeMil℠ and FeMil Lead℠ are supported by broader legislative initiatives like the Invest in Veterans Stimulus Act, which seeks to eliminate systemic barriers for veteran entrepreneurs.

Key Provisions Include:

1. Startup Tax Credits: A $15,000 tax incentive for veteran-owned startups in high-growth sectors.

2. Low-Interest Loans: Expanded Small Business Administration (SBA) programs with a 2% interest rate reduction.

3. Mentorship Networks: Federal funding to establish structured mentorship programs for veterans.

4. Public-Private Partnerships: Annual grants to foster collaboration between veteran-owned businesses and corporations.

The Global Expansion of FeMil℠ and FeMil Lead℠

Recognizing the universal value of veteran leadership, FeMil℠ and FeMil Lead℠ have expanded their reach to 62 global markets, aligning with the growth of National Invest In Veterans Week® (NIVW).

State-Specific Platforms in the U.S.:

• FloridaVeterans.com: Focusing on veteran businesses in healthcare and tourism.

• TennesseeVeterans.com: Supporting industries like logistics and renewable energy.

International Platforms:

• GermanyVeterans.com: Collaborating on innovations in green technology.

• PhilippinesVeterans.com: Encouraging growth in agriculture and e-commerce.

The Economic and Social Impact

Driving Job Creation

Veteran-owned businesses contribute over $1.2 trillion annually to the U.S. economy. With initiatives like FeMil℠ and FeMil Lead℠, these contributions are set to grow exponentially, creating millions of new jobs by 2030.

Fostering Innovation

From AI startups to sustainable fashion brands, female veteran entrepreneurs are driving innovation across diverse sectors.

Building Inclusive Communities

By empowering women, these programs are not just transforming individual lives but also building inclusive, thriving communities.

A Path Forward: Empowerment, Leadership, and Legacy

The journey from Fe to Pb—from strength to transformative leadership—is at the heart of FeMil℠ and FeMil Lead℠. These initiatives remind us that female veterans are not just entrepreneurs; they are changemakers, innovators, and leaders.

Through mentorship, resources, and advocacy, FeMil℠ and FeMil Lead℠ are forging a future where female veterans don’t just build businesses—they leave legacies.

Discover more and join the movement:

• Empowering Female Veteran Entrepreneurs

• Learn About FeMil℠ and FeMil Lead℠

Together, we can honor their service and ensure their success in the entrepreneurial world.

Comprehensive Proposal: The Invest in Veterans Stimulus Act

Objective
To build on the findings of National Invest in Veterans Week® research to craft a transformative legislative framework that empowers veteran-owned businesses, promotes entrepreneurship, and addresses the systemic barriers faced by veteran entrepreneurs. This proposal integrates data-driven insights from the 2017 and 2018 Jacksonville Vetrepreneur Summit surveys, focusing on providing access to capital, enhancing networking opportunities, and fostering economic equity.

Executive Summary

The surveys conducted by National Invest in Veterans Week®, in partnership with the City of Jacksonville, Florida, highlight key challenges faced by veteran entrepreneurs: a lack of access to capital and a strong desire for networking opportunities. These findings demonstrate a critical need for targeted financial resources, mentorship programs, and better access to federal and private-sector opportunities.

The Invest in Veterans Stimulus Act is a strategic legislative proposal that addresses these needs while fostering innovation and leadership in emerging industries. By providing tax incentives, streamlined loan programs, and advanced mentorship networks, the Act aims to eliminate the barriers identified in these surveys, creating a thriving environment for veteran entrepreneurs.

Key Research Findings: Insights From Jacksonville Vetrepreneur Summits

1. Lack of Access to Capital

The lack of sufficient funding emerged as a significant barrier across both surveys:

• 2017 Findings:

  • 37% of respondents identified lack of access to capital as their biggest challenge.

  • 67% agreed they need more funding support for their businesses.

• 2018 Findings:

  • 47% of respondents had already applied for funding, with many facing hurdles in accessing resources.

  • Respondents highlighted the need for clearer guidance on how to access funding and reduce start-up costs.

2. Desire for Networking and Connection

The surveys revealed that networking is a vital yet underdeveloped resource for veteran entrepreneurs:

• 2017 Findings:

  • Respondents emphasized the importance of networking opportunities with other veteran entrepreneurs.

• 2018 Findings:

  • 56% of respondents had attended veteran business events but desired more structured mentorship and collaboration opportunities.

3. Veteran Entrepreneurship Aspirations

A strong entrepreneurial spirit exists among veterans, but many lack the tools to execute their ideas:

• 2018 Findings:

  • 70% of respondents planned to start a business within the next two years, but 68% had not yet started.

  • Respondents found panelists and resources at veteran events valuable, with 96% agreeing that information shared helped accelerate their ventures.

The Solution: Key Features of the Invest in Veterans Stimulus Act

1. Financial and Tax Incentives

• Startup Tax Credits:
  A one-time $15,000 tax credit for veterans launching businesses in high-priority sectors like renewable energy, logistics, and advanced technology.

• Low-Interest Loans:
  Expand Small Business Administration (SBA) programs, offering a 2% interest rate reduction for veteran-owned businesses.

• Hiring Incentives:
  Employers hiring veterans will receive $6,000 in tax breaks per veteran hired, fostering a cycle of veteran-to-veteran employment.

2. Enhanced Mentorship and Training Programs

• Veteran Entrepreneur Mentorship Network:
  Create a structured mentorship network connecting veterans with experienced business leaders. This program builds on the strong demand for connection expressed in the surveys.

• Boots to Business Expansion:
  Double the funding for this program and introduce specialized tracks in areas like AI, cybersecurity, and green technology to prepare veterans for emerging market opportunities.

3. Networking and Resource Infrastructure

• Veteran Business Development Centers:
  Establish hybrid centers offering in-person workshops, grant application support, and networking opportunities across the country.

• Virtual Support Platform:
  Create a centralized online resource hub with funding databases, mentorship access, and digital collaboration tools, addressing connectivity gaps for rural veterans.

4. Public-Private Partnerships

• Innovation Stimulus Grants:
  Allocate $300 million annually to foster collaboration between veteran-owned businesses and private corporations in priority sectors.

• Corporate Engagement Tax Credits:
  Offer incentives to corporations investing in veteran-led startups or creating veteran-focused accelerators.

5. Streamlined Federal Contracting

• Simplified Processes:
  Leverage AI-powered tools to reduce administrative burdens and improve accessibility to federal contracting opportunities for veteran entrepreneurs.

• Priority Access:
  Reserve 12% of federal contracts for veteran-owned businesses in industries critical to national priorities, such as defense and clean technology.

Implementation Plan

Phase 1: Pilot Programs

• Geographic Focus:
  Launch in veteran-dense states such as Texas, California, and Florida.

• Sector Focus:
  Target high-growth industries, including renewable energy, AI, and healthcare.

• Evaluation Metrics:

  • Increase in veteran-owned businesses.

  • Reduction in veteran unemployment rates.

  • ROI on tax incentives and public-private partnerships.

Phase 2: Nationwide Rollout

Scale successful pilot programs nationwide, refining the framework using data-driven insights to ensure cost-effectiveness and long-term sustainability.

Budget and Funding Sources

Total Cost: $2.8 Billion Over Five Years

• Financial Incentives: $1 billion

• Mentorship and Training: $600 million

• Public-Private Partnerships: $500 million

• Infrastructure Development: $700 million

Funding Strategy:

• Redirect funds from underperforming federal programs.

• Engage corporate sponsorships through tax incentives.

Projected Outcomes by 2030

1. Veteran-Owned Business Growth:
   A 25% increase in veteran-led startups.

2. Job Creation:
   1.5 million new jobs created, reducing veteran unemployment.

3. Economic Equity:
   Expanded access to resources for underserved veterans, including women, minorities, and rural populations.

4. National Competitiveness:
   Enhanced leadership in industries like AI, renewable energy, and infrastructure, strengthening the U.S. economy.

Legislative Alignment

• Bipartisan Appeal:
  Fiscal responsibility and private-sector involvement ensure broad political support.

• Alignment with National Goals:
  The Act supports economic recovery, innovation, and veteran reintegration, aligning with national priorities.

Conclusion

The Invest in Veterans Stimulus Act builds directly on the research insights gathered by National Invest in Veterans Week®, addressing the most pressing challenges faced by veteran entrepreneurs. By eliminating barriers to funding, enhancing mentorship networks, and fostering innovation, this Act empowers veterans to thrive as leaders in transformative industries.

Let us honor their service by providing the tools they need to succeed. Together, we can create a future where veterans are at the forefront of economic growth and innovation.

@National Invest in Veterans Week® Team

Explore the insights behind veteran entrepreneurship and the transformative solutions proposed in the Invest in Veterans Stimulus Act. Dive into our Research on Veteran Entrepreneurship to learn about key challenges like access to capital and networking gaps. Then, review the full details of the proposed Invest in Veterans Stimulus Act to see how we're paving the way for veteran business success and innovation.