VetBizCentral

VetBizCentral Funded by the Small Business Administration, Office of Veteran Business Development One of nineteen Veteran Business Outreach Centers nationwide A Nonprofit run by Vets for Vets Headquartered in Flint, Michigan Serving over 1.8 million veterans in 3 States: Michigan, Ohio, Indiana

VetBizCentral Assisting Veterans, Active Duty, Guard and Reserve Members AND their spouses in the formation and expansion of Veteran Owned Businesses Mission Statement: Empowering Veterans to realize their entrepreneurial dreams, one business at a time.

VetBizCentral Executive Director: Matt Sherwood Assistant Director: Michael Golwitzer Business Counselor: Abron Andrews Jr. Office Manager: Sherman Chevalier

• counseling • Education • Advocacy • networking VetBizCentral SERVICES • counseling • Education • Advocacy • networking

NEW BUSINESS COUNSELING Feasibility Develop Action Plan 1. Education 2. Financial Planning 3. Business Plan Development 4. Marketing development 5. Loan Preparation

ESTABLISHED BUSINESS COUNSELING VetBizCentral ESTABLISHED BUSINESS COUNSELING Government Contracting Veteran Business Verification Marketing Strategy SDVOB (On Contracting as Preference) Registering on SAM Public / Private Sector Opportunities Networking

ESTABLISHED BUSINESSES Business Expansion 1. Federal contracting rESOURCES 2. State Contracting 3. Engaging with Supplier Diversity 4. NVBDC Verification

NVBDC WEBSITE WWW.NVBDC.ORG

HOW TO IDENTIFY VOSB AND SDVOSB VIP.VETBIZ.GOV

VETERAN OWNED BUSINESS WWW.VETERANOWNEDBUSINESS.COM

BUY VETERAN

State of Michigan Database of VOSB Request copy of database Check and verify information FOIA Request

Corporate Supplier Diversity NaVOBA

1 VALUE PROPOSITION FOR COMPANIES Three Main Reasons for Having a Supplier Diversity Program. Gain Public Support and Attention: Supplier diversity programs help companies make responsible business decisions that gain public support and attention

2 VALUE PROPOSITION FOR COMPANIES Three Main Reasons for Having a Supplier Diversity Program. Enhance Innovation: Companies can enhance innovation by developing strategic alliances and partnerships with diverse suppliers

3 VALUE PROPOSITION FOR COMPANIES Three Main Reasons for Having a Supplier Diversity Program. Drive Better Business Decisions: Supplier diversity programs strengthen the supply chain through driving better business practices and connecting organizations with new (and more) industry connections. According to Diversity Direct, world-class procurement organizations commit 33% or more of their spend to diverse suppliers. But despite growing diversity trends, only about 10% of all companies access the impact of supplier diversity efforts on revenue or market share. Don’t miss out on the impact a supplier diversity program can have in your company

SAVE THE DATE 11th Annual Veteran “Meet and Greet” 10 November 2016 Holiday Inn Flint-Grand Blanc 11th Annual Veteran “Meet and Greet” ALSO “Vets Night Out” 09 November 2016 1800-2100 EST (Night before conference) A great opportunity to network with conference buyers as well as fellow veterans. NO CHARGE Registration Required Hors d'oeuvres furnished Cash Bar More Info: NVDBC.OFG * Meet Company Buyers * Meet Gov. Buyers * Networking * Lunch Included MORE INFO: MATT@VETBIZCENTRAL.ORG (810) 767-8387 VETBIZCENTRAL.ORG $40 ea

VetBizCentral Partners

Veteran Business statistical Data What You Didn’t Know?

VetBizCentral 65,000 + 70,000 + 40,000 +

Veteran-owned businesses in general Veteran-owned businesses in general. Census estimated that in 2007:   • There were 2.45 million businesses with majority ownership by veterans.   • 491,000 of these firms were employers, and 1.956 million were non-employers.   • These veteran-owned firms had sales/receipts of $1.220 trillion, 5.793 million employees, and an annual payroll of $210 billion.

Veteran-owned businesses in general Veteran-owned businesses in general. Census estimated that in 2007:   • Veteran-owned firms represented 9.0 percent of all U.S. firms.   • 12.2 percent of all owners of SBO-respondent firms were veterans.   • 8.3 percent of all respondent veteran owners had service-connected disabilities.  

Veteran-owned businesses in general Veteran-owned businesses in general. Census estimated that in 2007:   Michigan has 66, 739 VOB’s which represents 9% of Michigan Small Businesses. Michigan is 10th in the country with the number of Veteran Owned Businesses. Top 5 States for VOB’s: California, Texas, New York, Florida, and Illinois. 49% of World War 2 Veterans started a business, now only 6% of pre and post 911 Veterans are starting businesses.

• About 22 percent of veterans in the U. S • About 22 percent of veterans in the U.S. household population were either purchasing or starting a business, or considering doing so in the study period. • Almost 72 percent of these new veteran entrepreneurs planned to employ at least one person at the outset of their venture. • About 23 percent of current veteran business owners, and 32 percent of those planning or in the process of starting a new business, indicated that their venture would be 50 percent or more internet-dependent. (home based business)

• Military service appeared to have provided business skills to a significant proportion (one-third or more) of both current veteran business owners and those planning to become owners. • The self-employment rate for veterans was higher than that of non-veterans in each year from 1979 through 2003, the last year covered in the study. (Bureau of Labor Statistics data shows that this has remained true each year since then.)

SDVOSB Data 196,760 Total FIRMS 41,245 SDVOSB with Employees 155,515 SDVOSB without employees

Education levels of business owners – 2007 Less than high school 81,177 3.3% High school graduate diploma or GED 494,588 20.2% Technical, trade or vocational school 150,238 6.1% Some college 490,781 20%   Associate degree 153,335 6.3% Bachelor's degree 582,628 23.8% Master's, doctorate, or prof. degree 495,133 20.2% Total reporting 2,447,880 100%

VOSB by Gender and Ethnicity Male 77.4% Female 10.9% Equally Male/Female Owned 11.6% White 83.6% African American 7.3% Asian 5.9% Hispanic 3.2%

Age of VOSB Ownership Under 25 25 to 34 35 to 44 45 to 54 55 to 64 65 or Over Total Reporting 6,112 62,779 213,130 330,229 956,529 885,280 2,454,059 .02% 2.6% 8.7% 13.5% 39% 36.1% 100%

VetBizCentral Contact Us http://www.vetbizcentral.org matt@vetbizcentral.org mike@vetbizcentral.org (810) 767-8387

Vet Biz Central www.vetbizcentral.org