In spite of the provisions in Public Law 93-237, we believe veterans attempting to start their own business and those who own their own business have not received the attention from the SBA they deserve. H.R. 1568 encourages the SBA and other agencies to implement positive efforts to assist veterans, particularly disabled veterans in the formation and growth of small businesses. The establishment of an Office of Veterans Business Development and the position of Associate Administrator for Veterans Business Development at SBA will ensure the guidance and monitoring of public and private initiatives to assist this Nation's veterans in their efforts to form and expand small businesses. We believe good business leaders create a vision. H.R. 1568 is a comprehensive approach to encouraging entrepreneurship among veterans through loans and a variety of support and technical assistance, assistance which veterans so richly deserve.
Veterans are unique in many ways.
Studies show that military service tends to stimulate entrepreneurship and create a greater likelihood of success in self-employment. The training of servicemembers imparts discipline, a need for independence, autonomy, and power, and a greater tolerance for risk-taking. The effects of combat service are especially conducive to entrepreneurship. The Federal Government has an obligation to serve veterans, because of those who have served in our defense. Veterans deserve the attention H.R. 1568 provides.