The National Cooperative Business Association, the US national association for cooperative business enterprise, has announced an initiative that will support transitioning and disabled veterans. 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. NCBA’s Veterans Initiative will offer transitioning service members the opportunity to learn about the cooperative business model as they consider entrepreneurial civilian career opportunities.
“After the service they have provided to our nation, our veterans need real opportunities for employment—ones that capitalize on their skills and recognize their independent spirit,” said NCBA interim Chief Executive Officer Liz Bailey. “Cooperative enterprise enables transitioning veterans to be small business owners in a way that reduces risk and maximizes the sustainability of the business. During the economic recession, cooperative businesses were more resilient, demonstrating the strength of the business model.”
Initially, NCBA’s Veteran’s Initiative will focus on introducing veterans to two types of cooperatives: worker-owned and purchasing/shared services co-ops.