WATERVLIET — There are a number of resources available to veteran owned businesses during the coronavirus pandemic, including the Economic Injury Disaster Loan (EIDL), and the Paycheck Protection Program (PPP), which still has over $100 billion available in funding.
The local Arsenal Business and Technology Partnership’s Veteran Business Outreach Center (VBOC) in Watervliet has staff and resources to help veteran business owners navigate the intricacies of qualifications and applications.
The PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hard working Americans. With the additional funds appropriated by Congress, tens of millions of additional workers will benefit from this critical relief.
“We’re here to help small, veteran owned businesses and entrepreneurs every day, but when something like this pandemic happens, those businesses need our help more than ever,” said Amy Amoroso, Director VBOC Region II. “No one could have predicted that businesses would be impacted the way they’ve been, so we want to make sure we’re reaching out to everyone who may need our services. During the past 60 days, over 9,700 clients and stakeholders received counseling or participated in one of our 25 training events.”
The Arsenal Partnership’s Veterans Business Outreach Center is partially funded by the U.S. Small Business Associations’s Office of Veterans Business Development (OVBD). The OVBD exists to help veterans become full partners in economic development through small business ownership. You can visit their website at www.sba.gov/offices/headquarters/ovbd.
For more information on the VBOC program, visit www.vbocregion2.com.