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Syracuse University gets $3 million grant from Small Business Administration

SYRACUSE, N.Y. (AP) The Small Business Administration is giving a $3 million grant to Syracuse University's Institute for Veterans and Military Families.

The money will be used for entrepreneurship education and training in support of service members as they transition to civilian life.

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The so-called Boots to Business effort is a three-step program developed to introduce retiring service members to business ownership and connect them to support resources in their local communities.

Syracuse is one of 14 universities across the country in the program, and there's a need. More than 250,000 service members transition out of the military annually and the U.S. has 2.45 million veteran-owned businesses that employ more than 5 million people.

Government figures show that veterans are more likely to be self-employed than those with no active-duty military experience.

Copyright 2014 The Associated Press. All rights reserved

 

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