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Industry: Email Alert RSS FeedVeterans have entrepreneurial spirit, study shows: U.S. Small Business Administration research finds strong business interest among former military personnel.(Research)
Franchising World, February, 2005
American veterans have a strong entrepreneurial spirit, according to a study released recently by the U.S. Small Business Administration's Office of Advocacy. The study, Entrepreneurship and Business Ownership In the Veteran Population, found that 22 percent of veterans are either purchasing or starting a new business, or considering purchasing or starting one.
"Veterans are playing a significant role in our economy," said Thomas M. Sullivan, chief counsel for advocacy. "This study presents a wealth of new data that will help policy makers to understand that role and develop policies that continue to encourage veterans' entrepreneurship."
The Veterans Entrepreneurship and Small Business Development Act of 1999 called for this study. It required the...
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