SBA Veterans Assistance Programs: An Analysis of Contemporary Issues. CRS Report R42695, Version 84. Updated
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| Title: | SBA Veterans Assistance Programs: An Analysis of Contemporary Issues. CRS Report R42695, Version 84. Updated |
|---|---|
| Language: | English |
| Authors: | Dilger, Robert Jay, Library of Congress, Congressional Research Service (CRS) |
| Source: | Congressional Research Service. 2021. |
| Availability: | Congressional Research Service. Web site: https://crsreports.congress.gov/ |
| Peer Reviewed: | N |
| Page Count: | 34 |
| Publication Date: | 2021 |
| Intended Audience: | Policymakers |
| Document Type: | Reports - Evaluative |
| Education Level: | Adult Education |
| Descriptors: | Small Businesses, Public Agencies, Veterans, Federal Aid, Veterans Education, Employment Patterns, Unemployment, Labor Force, Employment Experience, Employment Programs, Federal Programs, Transitional Programs, Financial Support, Laws |
| Abstract: | Several federal agencies, including the Small Business Administration (SBA), provide training and other assistance to veterans seeking civilian employment. In recent years, the unemployment rate among veterans as a whole has generally been similar to or lower than the unemployment rate for nonveterans 18 years and older. However, veterans who have left the military since September 2001 have experienced higher unemployment than other veterans and, in some years, higher unemployment than nonveterans. As a result, Congress has focused much of its attention on finding ways to assist veterans who have left the military since September 2001. This report opens with an examination of the economic circumstances of veteran-owned businesses. It then provides a brief overview of veterans' employment experiences, comparing unemployment and labor force participation rates for veterans, veterans who have left the military since September 2001, and nonveterans. The report also describes employment assistance programs offered by several federal agencies to assist veterans in their transition from the military to the civilian labor force and examines, in greater detail, the SBA's veteran business development programs, the SBA's efforts to assist veterans' access to capital, and the SBA's service-disabled veteran-owned (SDVOSB) federal procurement program. It also discusses the SBA's Military Reservist Economic Injury Disaster Loan program and P.L. 114-38, the Veterans Entrepreneurship Act of 2015, which authorized and made permanent, under specified circumstances, the SBA's recent practice of waiving the SBA Express loan program's one time, up-front loan guarantee fee for veterans (and their spouses). |
| Abstractor: | ERIC |
| Entry Date: | 2022 |
| Accession Number: | ED617473 |
| Database: | ERIC |
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