THIS POST IS WRITTEN ON BEHALF OF A PARTNERSHIP WITH WALMART AND CVOB FOR VETSOURCE. ALL OPINIONS ARE MY OWN
We love companies that support veterans, military and best of all the military spouses! With a big business like Wal-Mart taking the lead with the Coalition for Veteran Owned Business (CVOB), they are bringing an event that no one has seen before to Norfolk, called VetSource. This event is made to support the success of veterans, military and military spouse owned business and use this platform to connect them to several types of Fortune 500 companies.
With the help of Wal-Mart, they are working to ensure the success of veteran, and military family-owned businesses by connecting them to larger companies that can help them to achieve the “American Dream”. Before the inception of the VetSource event, Walmart has had a long history of supporting members of the military. With this show of support for veterans and their families, Wal-Mart has initiated programs such as the Veterans Welcome Home Commitment. They have hired more than 179,000 veterans since this program launched in 2013. Many of that veteran hire, over 24,000 have been promoted to jobs of greater responsibility. Wal-Mart has been seen as one of the major supporters in our nation when it comes to helping veterans and their families adjust to returning to civilian life.
Who is VetSource?
The Coalition for Veteran Owned Business (CVOB), part of the Institute for Veterans and Military Families (IVMF) at Syracuse University, as a unique way to convene corporations and military entrepreneurs, offering resources both for those ready to sell their products and those interested in learning how to become procurement-ready.
Wal-Mart is helping VetSource to take the lead in adopting this forum to pave the way for future veterans that are looking for help as business owners. Veterans are an important part of the nation’s labor force, both as workers and as small business owners. According to the Small Business Administration, many as 27 million small businesses are in the U.S. with more than 2.5 million (9 percent) are veteran-owned. Many of our veteran-owned business is right here in Hampton Roads alone. According to the U.S. Department of Defense, in 2016, more than 200,000 men and women serving in the military returned home to transition to civilian life. However, almost half of transitioned service members say becoming reintegrated to normal life is a top challenge, according to the Institute for Veterans and Military Families (IVMF). Many of our Hampton Roads military families do face this challenge. Many of these individuals look into owning their own business as a way to utilize the skills learned in the armed forces as a way to provide for their families to give them a better way of life.
Hampton Roads serves as an is an imperative part of our countries Armed Force Services, hosting our nations Army, Navy, Air Force, and Coast Guard. As the veteran community continues to see this show of support, will we see the outcomes of stronger business and community for these individuals.
To learn more information on the IVMF and the CVOB, Please visit them at veteranbusinesscoalition.org.
For more information about Wal-Mart’s commitment to veterans, service members, and military families, please visit the Veterans Welcome Home Commitment