When it to comes to success in reintegrating Veterans with their communities, it’s the “last mile” that counts the most.
Connections to economic opportunities in the local economy are most important to the individual Veteran and his/her family. The Veterans Corporation (TVC), (now a trade name of Veterans Business Services, LLC) believes its new business model will help accelerate those connections in a local economy, especially in Oregon. The TVC model has been beta tested over the past 2 years by advertising revenue from major franchisors; support from the Entrepreneurial Bootcamp for Veterans with Disabilities; Certification by the Veterans Administration (VA) as a Service Disabled Veteran Owned Business (SDVOSB) and has become the only SDVOSB for franchising on the VA’s Entrepreneur Portal.
The original TVC was created by Congress to help accomplish entrepreneurial reintegration for Veterans in small business. However, political fumbling in DC never really allowed it to accomplish its mission, let alone connect with local communities. Now, as a private entity, TVC has been enabled to help Veterans entrepreneurs and is a self-sustaining private enterprise.
Recently the VA has come up with a new holistic concept called MyVA for linking Veterans with regional social services. But self-employment processes have never been a strong point for the VA nor are they a focus point in the new MyVA model. TVC aims to fill the gap and be the SDVOSB vendor of choice for future franchise acquisitions, concept development and feasibility studies for Veterans nationally.
The federal government small business service structure for Veterans is limited which presents an opportunity for TVC to facilitate franchising. What’s needed is on-demand private partners at the local level who can enhance existing small business services as a complement to MyVA in the last mile.
TVC will base its operations in Oregon City and begin building relationships that can help accelerate franchising opportunities for Veterans, especially combat veterans. TVC will also offer its Boots2Business/Franchising ™ via webinars and provide free business strategy sessions for any Veteran who qualifies for the VA Rehabilitation Services. Generally, these Veterans must have a disability rating of above 20% to qualify. TVC will offer a best price guarantee for Veterans on any franchise acquisition.
So why Oregon? One word -“Grit”
Back in day, the Oregon Territory was viewed as a land of opportunity but was controlled by a government sanctioned monopoly power known as the Hudson Bay Company. They owned the “franchise” on the whole economy. Over time the American pioneer entrepreneurs of Oregon City, working together, developed their own business cooperative that eventually toppled the power. They simply created the best competitive value added products and services for their community.
VBS Founder and Managing Director, Jim Mingey, is a decorated Vietnam veteran raised from a proud military background. An entrepreneur for more than 35 years, Jim can relate on a personal level to the needs of the veteran small businessperson, and possesses the practical knowledge to implement his experience in today’s market. Jim participated in the EBV Program at Purdue University, is a mentor at American Corporate Partners, developed the first approved franchise training program for the Vocational Rehabilitation and Employment (VR&E) Program at Veterans Administration, and was instrumental in forming the first equity fund in the United States exclusively for veteran owned small businesses and franchises: The Veterans Opportunity Fund. Jim intends to keep on ‘advocating’ for veterans in franchising.