Detroit Regional Chamber > Racial Justice & Economic Equity > SBA Launches Funding Competition to Provide Entrepreneurship Training for Women Veterans

SBA Launches Funding Competition to Provide Entrepreneurship Training for Women Veterans

March 6, 2024

U.S. Small Business Administration
Feb. 20, 2024

The U.S. Small Business Administration announced that non-profit organizations and private sector firms are now eligible to compete for funding of up to $300,000 to deliver entrepreneurship training to women veterans. The application period begins today and continues through March 21, 2024.

Up to six grantees will be awarded $300,000 in total funding to participate in the Women Veteran Entrepreneurship Training Program (SB-OVWV-24-001) with grants from the SBA’s Office of Veterans Business Development. Awards will be made for a base project period of 12 months, with three option periods of 12 months each. These funds will be used to educate women veterans who intend to pursue or are already engaged in business ownership.

“With more than two million women veterans living in the U.S. today and over 12 million businesses owned by women, there is an incredible need for more advocates and resources tailored to women veteran entrepreneurs,” said Timothy Green, acting associate administrator for the SBA’s Office of Veterans Business Development. “Through our Women Veteran Entrepreneurship Training Program, we are providing grants that train and empower women veterans as they take their next step with their business – whether that is taking the leap to open their doors or exploring new ways to grow what they’ve successfully built.”

In Fiscal Year 2023, over 9,500 participants worked with the Women Veteran Training Program grantees to start or grow a business.

Kristen Wright, military spouse and owner of Kristen Wright Strategic Communications LLC based in Tulsa, Oklahoma, realized she was overwhelmed with how to apply and compete for government contracts. She sought out support from a resource provider to help her get started. Kristen connected with ONABEN, an SBA Women Veteran Entrepreneurship Training program grantee, by participating in “Beyond the Boots,” a program specifically geared toward the needs of the military community. Kristen received guidance and attended SBA-led speaker session to help her understand the federal contracting opportunities available to her. The support she received through ONABEN has given Kristen the ability to grow her military spouse- and woman-owned business and compete in the federal marketplace.

Eligible organizations must submit applications for the Women Veteran Entrepreneurship Training Program (SB-OVWV-24-001) funding opportunity by 11:59 p.m. ET on March 21, 2024, through grants.govSearch for opportunity number SB-OVWV-24-001. Applications not submitted via or after the stipulated deadline will not be evaluated.