U.S. Rep. Al Lawson (FL-5) speaks to veterans in Jacksonville |
Veteran-owned small businesses create jobs and stimulate the
economy. Veterans own 2.5 million businesses in the United States with over $1
trillion in revenue and 5 million employees, according to the Census Bureau.
Lawson’s bill would establish a small business start-up tax
credit for veterans creating businesses in underserved communities.
“One of my priorities in Congress is working to ensure our
veterans are getting the help they deserve - from job training, to access to
health care and education benefits, to finding affordable housing," Lawson
said. "Our brave men and women who have fought for our freedom deserve to
be taken care of when they return home. This bill aims to help encourage
veterans to pursue their dream of starting a small business in our communities
around the country.”
“Throughout our history, veterans have laid the foundation
that has built America’s economy by leveraging the knowledge, skills, and work
ethic that led to their success in the military. Not only have these men and
women sacrificed for our country, but many come home and work as entrepreneurs,
creating small businesses that boost local economies and provide new jobs in
their communities,” said Congresswoman Tulsi Gabbard. “This bill helps to
provide crucial tax credits for our veterans aspiring to become entrepreneurs
and leaders in underserved communities, while catalyzing the small businesses
that will create jobs for those who need them most.”
“Due to their discipline and ingenuity, many veterans are a
natural fit for entrepreneurship when they re-enter civilian life,” said Rep.
Nydia M. Velázquez (D-NY), the ranking Democrat on the House Small Business
Committee. “Mr. Lawson’s bill will help more veterans pursue dreams of business
ownership and especially provide a boost in communities that have struggled
economically. I applaud him for authoring this innovative, job creating
proposal and look forward to working with him toward its enactment.”
Veterans groups have also come out in support of the bill,
including the Veterans of Foreign Wars, the American Legion, and AMVETS.
“The VFW is proud to support the Veterans Jobs Opportunity
Act with the hopes of stimulating economic growth in much needed areas,” said
Carlos Fuentes, the Director of National Legislative Service for the VFW.
“Giving advantages to veteran-owned small businesses will help strengthen the
economy and our commitment to veterans. We are excited to see how this
legislation will impact our veterans and our communities for years to
come.”