Veterans Business Outreach Centers (VBOCs) help veteran-led small businesses with partnerships, access to capital, marketing, business counseling, and training. They operate through cooperative agreements, which the SBA funds. About two million veteran-owned small businesses operate in the U.S. and employ more than five million people, by the White House’s count.
The funding will bring centers to the following states: Alaska, California, Colorado, Iowa, Nebraska, Nevada, and South Carolina. California already has two VBOCs–one serving the northern part of the state and another serving the southern part. California’s third center will open in Long Beach. And more are on the way.
The SBA anticipates that the new centers slated for 2023 will open by May 1.