Official Report: National Invest in Veterans Week® Domains and Strategic Initiatives for Veteran Empowerment

Introduction

National Invest in Veterans Week® (NIVW) is an innovative national initiative focused on advancing veteran entrepreneurship. NIVW achieves this by creating state-specific domains aligned with the unique economic and social characteristics of various regions in the U.S. These 14 domains provide veterans with tailored resources, business mentorship, funding opportunities, and pathways to industry networks. This report deep-dives into the alignment, opportunities, and challenges faced by these domains while leveraging the 2024 PenFed Top Cities for Veteran Entrepreneurs Report as a key reference.

I. Overview of National Invest in Veterans Week Domains

The 14 domains reflect a highly localized approach to fostering veteran entrepreneurship, addressing regional economic strengths, and creating opportunities. By bridging the gap between veterans and essential resources, the domains empower veteran-owned businesses to flourish in diverse ecosystems. The domains not only enhance individual success but also stimulate broader regional economic development.

II. The 14 Domains: Strategic Analysis and Regional Impacts

1. LouisianaVeterans.com

• Regions Served: New Orleans, Baton Rouge

• Key Strengths:

  • Growing renewable energy sector.

  • Low costs for startups and small businesses.

  • Strategic location for logistics and maritime industries.

• Opportunities:

  • Build collaborations with military bases and shipping industries.

  • Expand renewable energy initiatives and veteran-led sustainability projects.

  • Leverage New Orleans’ growing tourism economy for service-based businesses.

2. KansasVeterans.com

• Regions Served: Kansas City

• Key Strengths:

  • High livability and veteran-friendly policies.

  • Thriving agricultural and logistics economy.

• Opportunities:

  • Promote agritech innovation led by veterans.

  • Establish incubators to connect veteran entrepreneurs with logistics hubs.

  • Leverage the region’s central U.S. location for supply chain optimization.

3. RhodeIslandVeterans.com

• Regions Served: Providence

• Key Strengths:

  • Strong financial services sector.

  • High government contracting opportunities.

• Opportunities:

  • Develop fintech startups through partnerships with state resources.

  • Expand veteran roles in advanced manufacturing and biomedical sectors.

  • Promote government contracting initiatives tailored to veterans.

4. NewHampshireVeterans.com

• Regions Served: Manchester

• Key Strengths:

  • Low taxes and an educated workforce.

  • Proximity to Boston's economic hubs.

• Opportunities:

  • Develop startups focused on clean energy and advanced engineering.

  • Foster cross-border collaboration with Boston’s venture capital ecosystem.

  • Improve veteran access to technical training programs.

5. DelawareVeterans.com

• Regions Served: Wilmington

• Key Strengths:

  • Strategic corporate and legal hubs.

  • Strong presence of financial networks.

• Opportunities:

  • Expand into fintech and cybersecurity sectors.

  • Build stronger partnerships with corporations in Wilmington.

  • Support veteran-led innovation in banking and healthcare tech.

6. PennsylvaniaVeterans.com

• Regions Served: Philadelphia, Pittsburgh

• Key Strengths:

  • Diverse industrial and economic base.

  • Strong access to federal contracting opportunities.

• Opportunities:

  • Enhance partnerships in defense and aerospace manufacturing.

  • Leverage tech hubs in Pittsburgh for veteran-led startups.

  • Increase funding access for veterans in underserved areas.

7. SouthCarolinaVeterans.com

• Regions Served: Charleston

• Key Strengths:

  • Thriving tourism and hospitality sectors.

  • Proximity to key military installations.

• Opportunities:

  • Encourage veteran involvement in defense contracting.

  • Build tourism-focused startups tailored to Charleston's economy.

  • Strengthen small business growth through state-specific grants.

8. MississippiVeterans.com

• Regions Served: Jackson

• Key Strengths:

  • Strong manufacturing and agriculture sectors.

• Opportunities:

  • Develop innovation hubs focused on ag-tech and energy.

  • Create platforms to connect veterans with underserved rural markets.

  • Increase veteran participation in regional infrastructure development.

9. WyomingVeterans.com

• Regions Served: Cheyenne

• Key Strengths:

  • Stable economy and energy-sector innovations.

• Opportunities:

  • Promote renewable energy startups by veterans.

  • Leverage the state’s natural resources to develop rural economic hubs.

  • Encourage veteran-owned small businesses in tourism and outdoor industries.

10. WestVirginiaVeterans.com

• Regions Served: Charleston

• Key Strengths:

  • Emerging renewable energy and infrastructure development opportunities.

• Opportunities:

  • Develop entrepreneurship programs in renewables and energy transitions.

  • Strengthen regional economic development through veteran-led enterprises.

  • Build business incubators tailored for rural and semi-urban veterans.

11. TennesseeVeterans.com

• Regions Served: Nashville, Memphis

• Key Strengths:

  • Thriving healthcare and music economies.

  • Strategic logistics and transportation hubs.

• Opportunities:

  • Expand logistics startups in Memphis.

  • Promote veteran innovation in Nashville’s entertainment industries.

  • Strengthen healthcare-focused veteran entrepreneurship.

12. NewJerseyVeterans.com

• Regions Served: Newark

• Key Strengths:

  • Access to New York’s vast markets.

  • Robust logistics and tech sectors.

• Opportunities:

  • Promote veteran-owned urban logistics businesses.

  • Leverage Newark’s role as a major port city for exports.

  • Expand veteran roles in financial and legal services.

13. NorthDakotaVeterans.com

• Regions Served: Fargo

• Key Strengths:

  • Energy production and agricultural hubs.

• Opportunities:

  • Strengthen veteran-led innovation in farming technologies.

  • Promote data centers and rural tech initiatives.

  • Encourage public-private partnerships for small business incubation.

14. FloridaVeterans.com

• Regions Served: Miami, Tampa, Orlando

• Key Strengths:

  • Diverse economy with aerospace and tourism industries.

  • Veteran-friendly population.

• Opportunities:

  • Strengthen veteran involvement in defense and aerospace contracting.

  • Expand retail and service-oriented startups.

  • Leverage Florida’s tech ecosystem to grow veteran-led ventures.

III. Trends and Challenges in Veteran Entrepreneurship

Trends Identified in the 2024 PenFed Report

• Growing Metro Areas: Cities like Austin, Raleigh, and Denver lead in job growth and business start-up success.

• Emerging Small Cities: Rapid City, Sioux Falls, and Cheyenne show strong support for veterans, despite smaller populations.

• Venture Capital Expansion: Metro regions like Washington, Atlanta, and Dallas exhibit increasing VC opportunities for veteran-owned businesses.

Key Challenges:

• Housing Costs: High housing costs in major metro areas constrain entrepreneurial growth.

• Access to Capital: Small cities face limited venture capital availability compared to larger regions.

• Infrastructure Needs: Public transit and childcare support remain inadequate in emerging cities.

IV. Recommendations for Strengthening Domains

1. Increase Funding Opportunities:

   • Advocate for public-private partnerships to expand venture capital availability.

   • Enhance funding access for underserved veteran entrepreneurs.

2. Strengthen Regional Networks:

   • Create statewide business incubators and accelerators focused on veterans.

   • Promote mentorship programs with successful veteran entrepreneurs.

3. Advocate for Policy Improvements:

   • Push for tax credits for veteran-owned businesses.

   • Improve housing affordability through targeted policy interventions.

4. Expand National Awareness:

   • Develop comprehensive marketing campaigns to raise awareness of the domains.

   • Highlight successful veteran-owned businesses as role models.

Conclusion

The National Invest in Veterans Week® domains represent a transformative framework for driving veteran entrepreneurship. By addressing unique regional challenges and opportunities, NIVW is poised to create a lasting economic impact. These domains, supported by state-specific strategies, will continue to serve as a guiding light for empowering veterans and fostering a robust national ecosystem for veteran-owned businesses.

The full study results can be found here.

Empowering Female Veteran Entrepreneurs: Championing the Complete the Mission Act of 2024

Introduction: A Critical Juncture for Female Veterans

Female veterans are among the most resilient and capable members of society, having demonstrated exceptional leadership during their military service. However, the transition to civilian life presents unique challenges, particularly in healthcare access and entrepreneurial opportunities. These issues are magnified by systemic barriers that disproportionately affect female veterans.

The Complete the Mission Act of 2024 is a bold and essential step toward addressing these challenges, ensuring timely and transparent healthcare access that empowers female veterans to lead as entrepreneurs, business owners, and community leaders. This legislation builds on the legacy of the MISSION Act of 2018, which aimed to improve healthcare access but has faced implementation hurdles that hinder its effectiveness【29†source】.

Key Challenges Faced by Female Veterans

1. Healthcare as a Foundational Need
   Access to quality healthcare is essential for veterans to thrive in civilian life. Female veterans often face:

   • Mental Health Struggles: Transitioning to civilian life can trigger PTSD, anxiety, and depression. Without timely care, these challenges can stifle personal and professional growth.

   • Substance Abuse Recovery: Female veterans encounter significant barriers in accessing addiction care, an area where the Complete the Mission Act introduces critical reforms.

2. Economic Disparities in Entrepreneurship
   Female veteran entrepreneurs face dual challenges of securing healthcare and overcoming funding inequities, limiting their ability to establish and sustain successful businesses.

The Role of the Complete the Mission Act of 2024

This act addresses healthcare barriers that hinder female veterans from reaching their potential. Its provisions include:

• Codified Access Standards: The VA must publish wait times for all medical centers, ensuring transparency and allowing veterans to plan their care effectively.

• Immediate Residential Treatment Access: Recognizing the urgency of addiction crises, this provision guarantees timely intervention for those seeking substance abuse care.

• Enhanced Community Care Options: Veterans gain more flexibility to choose care providers that meet their unique needs, fostering trust and stability【29†source】.

Supporting Initiatives: A Holistic Approach

The Complete the Mission Act amplifies the impact of key programs designed for female veterans, such as:

• FeMil℠ and FeMil Lead℠: These initiatives provide mentorship, training, and resources tailored to the unique needs of female veteran entrepreneurs.

• National Invest in Veterans Week: A platform that honors veteran contributions while advocating for systemic changes to support their success.

• Veteran Networking Opportunities: Events fostering connections and providing resources for veterans transitioning to civilian life.

A Vision for Female Veteran Empowerment

The Complete the Mission Act is more than a healthcare reform; it’s a pathway to unlocking the full potential of female veterans. It ensures that:

• Healthcare Challenges are Addressed: Timely and accessible care reduces the long-term impacts of untreated health issues.

• Economic Opportunities Expand: Healthy veterans can fully engage in entrepreneurial and leadership roles.

• Gender Disparities Diminish: Female veterans receive the targeted support they need to overcome systemic inequities.

Call to Action

Supporting the Complete the Mission Act of 2024 is an investment in our nation’s veterans and their futures. By championing this legislation, we honor their service while empowering them to lead in new and innovative ways.

Explore these additional resources and success stories to see the transformative potential of combining healthcare reform with entrepreneurial support:

• FeMil℠ and FeMil Lead℠ Redefine Leadership

• The Legacy of National Invest in Veterans Week

• Veteran Center Meet & Greet

Together, we can complete the mission and ensure a brighter future for all veterans.

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.

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.