A Call to Action for Legislators

Female Veteran Entrepreneurs: A Call to Action for Legislators

Female veteran entrepreneurs embody resilience, leadership, and adaptability—qualities honed through military service. Despite these strengths, they face systemic challenges that impede their entrepreneurial success. Initiatives like FeMil℠ and FeMil Lead℠, championed by Angel Shuford, Vice President and CFO of National Invest in Veterans Week® (NIVW), aim to bridge these gaps. However, legislative support is crucial to dismantle these barriers effectively.

This article delves into the unique strengths of female veteran entrepreneurs, the challenges they face, the impact of FeMil℠ and FeMil Lead℠, and the necessity for legislative action to empower this vital segment of the entrepreneurial community.

The Unique Strengths of Female Veteran Entrepreneurs

Female veterans possess a distinct combination of qualities that make them natural entrepreneurs:

• Resilience: Military service instills an unparalleled ability to overcome adversity and adapt to challenges. This resilience is invaluable in the entrepreneurial landscape, where uncertainty is a constant.

• Leadership: Female veterans are trained leaders, capable of managing teams, making strategic decisions, and inspiring others. These leadership skills are essential for building robust business operations and fostering innovation.

• Purpose-Driven Values: Military service instills a sense of duty and community. Female veteran entrepreneurs often prioritize ethical business practices and social impact, striving to make a positive difference through their ventures.

Challenges Faced by Female Veteran Entrepreneurs

Despite their strengths, female veteran entrepreneurs encounter significant obstacles:

• Access to Capital: Securing funding is a major hurdle. According to the Institute for Veterans and Military Families, 48% of female veteran entrepreneurs were turned down by a lender or creditor when applying for financing. This statistic underscores the systemic biases in financial systems that disadvantage female veterans.

• Lack of Mentorship and Networking Opportunities: Many female veterans struggle to find mentors who understand their unique experiences. The Foundation for Women Warriors notes that their Women Veterans Lead program addresses this gap by providing professional development and community leadership opportunities.

• Scaling and Sustainability Challenges: Starting a business is only the first step; scaling and sustaining it requires significant resources, guidance, and support. Many female veteran entrepreneurs lack access to the tools necessary for long-term success.

FeMil℠ and FeMil Lead℠: Empowering Female Veteran Entrepreneurs

To address these challenges, Angel Shuford has spearheaded initiatives like FeMil℠ and FeMil Lead℠:

• FeMil℠: This program supports female veterans at the start of their entrepreneurial journeys by providing networking opportunities, resource access, and funding education. It equips participants with the tools to secure startup capital and navigate the complexities of business formation.

• FeMil Lead℠: Building on the foundation of FeMil℠, this program focuses on scaling businesses and developing leadership skills. It offers advanced leadership training, growth-focused tools, and personalized mentorship programs tailored to individual goals.

Legislative Advocacy: The Invest in Veterans Stimulus Act

While initiatives like FeMil℠ and FeMil Lead℠ have made significant strides, systemic challenges persist. Legislative action is necessary to create an equitable environment for female veteran entrepreneurs. The proposed Invest in Veterans Stimulus Act includes key provisions:

• Financial Incentives: Offering startup tax credits and low-interest loans to veteran-owned businesses in high-growth sectors.

• Mentorship Networks: Providing federal funding for structured mentorship programs that connect veterans with experienced business leaders.

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

• Streamlined Federal Contracting: Simplifying federal contracting processes and reserving a percentage of contracts for veteran-owned businesses.

A Unified Path Forward

The journey from resilience to leadership is symbolic of the transformation female veterans undergo as they transition from military service to entrepreneurship. Through initiatives like FeMil℠ and FeMil Lead℠, supported by legislative action, we can create an environment where female veteran entrepreneurs thrive. Legislators, businesses, and communities must unite to honor their service and ensure their success in shaping the future of the economy.

Learn more and join the movement:

• Empowering Female Veteran Entrepreneurs: Lessons from Angel Shuford

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

• What is the Salute to Veterans?

Together, we can forge a legacy of resilience, leadership, and purpose.

National Invest in Veterans Week® Celebrates Passage of Service-Disabled Veteran Opportunities in Small Business Act

FOR IMMEDIATE RELEASE

Washington, D.C. – As part of this year’s National Invest in Veterans Week® (NIVW) celebrations, Congressman Brian Mast, a long-time advocate for veterans, has proudly announced the unanimous passage of the Service-Disabled Veteran Opportunities in Small Business Act in the U.S. House of Representatives. This landmark legislation, strongly supported by NIVW, aims to provide essential federal guidance for service-disabled veteran-owned small businesses, driving growth and fostering new opportunities for veteran entrepreneurs.

“Congressman Mast has been an unwavering advocate for veterans throughout his career, and his leadership in securing the passage of this critical legislation reflects our shared dedication to ensuring the success of veteran-owned businesses,” said Jeff Shuford, co-founder of National Invest in Veterans Week®. “The Service-Disabled Veteran Opportunities in Small Business Act ensures that our veterans, who have already sacrificed so much, have the resources and support they need to thrive in the business world and continue serving their communities in new, impactful ways.”

National Invest in Veterans Week®, recognized by Congress, is focused on promoting and empowering veteran entrepreneurs across the nation. This new legislation aligns directly with NIVW’s mission to amplify veterans’ voices and provide the tools necessary for a successful transition from military service to business ownership.

For more information about National Invest in Veterans Week® and how to support veteran-owned businesses, visit https://mast.house.gov/2024/3/invest-in-america-invest-in-veterans or contact.

Media Contact:
Lonnell McCall II
Spokesperson
info@investinveteransweek.com
(301) 453-2801

About National Invest in Veterans Week®

National Invest in Veterans Week® (NIVW), co-founded by Jeff Shuford, is a congressionally recognized initiative dedicated to supporting veteran entrepreneurs. NIVW amplifies the voices of veterans, promotes veteran-owned businesses, and advocates for policies that facilitate their seamless transition into civilian life.

About Jeff Shuford's Family Congressional Recognitions

Jeff Shuford was entered into the Congressional Record in 2024 for founding National Invest in Veterans Week®. His grandfather, Jim Freeman, a founding member of The Five Satins, was also honored in the Congressional Record in 2015 for his contributions to music and culture through the legendary recording of "In the Still of the Night." These honors reflect the family's lasting legacy of excellence and service across both veteran advocacy and the arts.

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