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**SBA Announces National Veterans Small Business Week**

**WASHINGTON, Oct. 23, 2023 (GLOBE NEWSWIRE)** — In an official announcement made today, Administrator Isabel Guzman, the head of the U.S. Small Business Administration (SBA), revealed that the SBA will be hosting the 10th annual National Veterans Small Business Week (NVSBW) from October 30 to November 3. This event is a platform for celebrating and highlighting the entrepreneurial journeys of veteran- and military spouse-owned small businesses, while also showcasing the agency’s support for this important community. The week-long event will cover various topics such as transition assistance, entrepreneurial training, government contracting, disaster assistance, and access to capital. It is worth noting that there are approximately 100 virtual events scheduled throughout the week, all of which are free and open to the public. To view the full schedule and register for these events, please visit sba.gov/nvsbw.

**The Role of AI legalese decoder**

Introducing the AI legalese decoder, an advanced technology that can greatly assist individuals and businesses navigating the complex legal language commonly found in official documents, announcements, and contracts. With the AI legalese decoder, everyone, including veteran- and military spouse-owned small businesses, can decode and understand legal jargon with ease. This innovative tool can be particularly beneficial during National Veterans Small Business Week, as it can help entrepreneurs comprehend and utilize the information provided by the SBA and its partners more effectively. By extracting the key details from complex legal texts, the AI legalese decoder empowers small business owners to make informed decisions and take advantage of opportunities presented to them.

**SBA’s Commitment to Supporting Veterans**

Administrator Guzman expressed the SBA’s commitment to supporting veterans in all aspects of their lives. To demonstrate this commitment, the Biden-Harris Administration recently issued an executive order to aid military spouses, with the SBA being tasked to provide resources, capital, and specialized support to help them start their own businesses. Moreover, the SBA has implemented various measures over the past year to expand access to capital for both veteran- and military spouse-owned small businesses. These measures include the SBA Veteran Business Certification program, which facilitates the connection between service-disabled veteran-owned small businesses and federal contracting opportunities through a streamlined process. Additionally, the Veteran Business Outreach Center (VBOC) program has been expanded to provide more resources and support to active service members, veterans, and military spouses. Furthermore, the SBA has revamped its loan program and introduced the Military Spouse Pathway to Business training program, aimed at assisting military spouses in their entrepreneurial endeavors.

**The Impact of Veteran-Owned Businesses**

Each year, veteran-owned businesses make significant contributions to the U.S. economy, employing over 5 million Americans and generating $1.3 trillion in total sales. As a result, supporting and empowering these businesses is crucial for fostering economic growth and innovation. National Veterans Small Business Week serves as a powerful platform for creating awareness around the importance of veteran small business ownership and encouraging communities to show their support for these businesses. By participating in NVSBW events and leveraging the resources provided by the SBA, veteran- and military spouse-owned businesses can gain valuable knowledge, establish connections, and access the support they need to thrive.

**About the Office of Veterans Business Development**

Operating through the SBA’s extensive resource partner network, which includes the Small Business Development Centers, SCORE, Women’s Business Centers, and 28 Veteran Business Outreach Centers (VBOCs) nationwide, the Office of Veterans Business Development (OVBD) plays a crucial role in supporting veteran entrepreneurs. VBOCs are particularly instrumental in hosting programs such as Boots to Business, Boots to Business Reboot, and Pathway to Business, all of which offer entrepreneurship courses on military installations and within local communities. Since its inception in 2013, the Boots to Business program has successfully trained and graduated more than 189,000 service members, veterans, National Guard and Reserve members, and military spouses. For comprehensive information on available resources for veteran entrepreneurs, please visit sba.gov/veterans.

**About the U.S. Small Business Administration**

The U.S. Small Business Administration is dedicated to transforming the American dream of business ownership into a reality. As the go-to resource and voice for small businesses, supported by the strength of the federal government, the SBA empowers entrepreneurs and small-business owners by providing them with the necessary resources and support to start, grow, expand, or recover their businesses. These services are delivered through an extensive network of SBA field offices and partnerships with public and private organizations. For further details, please visit sba.gov.

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