National Cooperative Business Association (NCBA) Launches Veterans Initiative

According to the Small Business Administration, veterans are at least 45 percent more likely to be self-employed than those with no active-duty military experience.  With that in mind, the National Cooperative Business Association, the US national association for cooperative business enterprise, recently announced a new initiative that will support transitioning and disabled veterans.

NCBA’s Veterans Initiative will offer transitioning service members the opportunity to learn about the cooperative business model as they explore entrepreneurial civilian career opportunities.  Cooperatives, like Ace Hardware and Carpet One, offer independent business owners the benefits of group buying and a brand identity without the rigidity of a franchise.

The NCBA’s Veteran’s Initiative will focus on introducing veterans to two types of cooperatives: worker-owned and purchasing/shared services co-ops.
Worker-owned cooperatives create long-term, stable jobs and provide their members with an ownership stake in a business enterprise without all the risk associated with going into business as a sole proprietor.

Shared services cooperatives enable those who choose to start a small business with the price advantages of group buying power.

Currently there are about 29,000 cooperatives operating in all areas of the United States.  According to the NCBA, these cooperatives generate 2 million jobs each year and contribute $652 billion in annual sales.

NCBA’s Veterans Initiative will also celebrate what the cooperative community already is doing to hire veterans and will encourage cooperatives to hire transitioning service members whose skills are well suited to their businesses. Through the program, a mentorship project is also being developed to support transitioning service members who choose to become member-owners of cooperative enterprises.
This Veteran Owned Business Public Service Announcement (PSA) was brought to you by Veteran Owned Business. Veteran Owned Business is in no way affiliated with the above organization(s). We do not in any way endorse the above business/organization or guarantee any offers made above. and the Veteran Owned Business Directory are simply providing information we feel is of interest to veterans, active duty military, reservists, service disabled veterans, veteran owned businesses, service disabled veteran owned businesses, families of veterans, families of our armed forces and any other person or persons directly or indirectly involved with the United States military.

If your business is (or you know of another business) owned by a veteran (VOB), active duty military, reservist, service disabled  veteran (SDVOSB) or military spouse of the United States, Army, Air Force, Marines, Navy, Coast Guard or National Guard, please be sure to visit the sign up page to get your free listing.

The objective of our FREE Veteran Owned Business Directory is to continue to offer a growing list of products and services that are unique in the fact that they are all owned by, sold by and/or serviced by past and present military members.

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