National Invest In Veterans Week®

View Original

Veterans in Business: Supporting Each Other and Driving Economic Growth

One of the key ways in which veterans are supporting each other is through mentorship and networking. Organizations like the Veterans Business Network and the Veteran Mentor Network connect veteran entrepreneurs with experienced business leaders and mentors who can offer guidance, support, and advice. These networks provide a valuable source of support for veteran entrepreneurs who may face unique challenges and obstacles in starting and growing their businesses.

Another way in which veterans are supporting each other is through collaboration and partnerships. Veteran-owned businesses often have a shared experience and sense of camaraderie, which can create opportunities for collaboration and partnerships. For example, veteran-owned cybersecurity firm Gryphon Technologies has partnered with other veteran-owned businesses to provide cybersecurity services to government agencies and contractors. These partnerships not only create new business opportunities but also reinforce the bonds of trust and respect that are central to the military experience.

In addition to supporting each other, veteran entrepreneurs are driving economic growth through innovation and entrepreneurship. Many veteran-owned businesses are at the forefront of new technologies and industries, such as renewable energy, cybersecurity, and healthcare. These businesses are not only creating new jobs and economic opportunities but also contributing to the strength and competitiveness of American industry.

One example of a veteran-owned business that is driving innovation is Unmanned Systems Operations Group (USOG), a drone services company founded by a Marine Corps veteran. USOG offers a range of drone services, including aerial inspections, mapping, and surveying, and has worked with clients in industries such as construction, energy, and transportation. The company has also provided disaster response and recovery services, such as using drones to assess damage in the aftermath of Hurricane Harvey in Texas.

Another example is the story of veteran-owned business Rumi Spice, which sources and sells high-quality saffron from farmers in Afghanistan. The company was founded by three Army veterans who served in Afghanistan and saw the potential for the country's agricultural products to compete in the global market. Rumi Spice not only provides economic opportunities for Afghan farmers but also supports veterans through its partnership with the Farmer Veteran Coalition, which helps veterans transition to careers in agriculture.

In conclusion, veterans are supporting each other and driving economic growth through entrepreneurship and innovation. By leveraging their unique skills and experiences, veteran entrepreneurs are creating new opportunities for themselves and their communities, contributing to the strength and competitiveness of American industry. By supporting veteran-owned businesses and providing resources and opportunities, we can help ensure that the next generation of veteran entrepreneurs continues to thrive and drive economic growth.