Capito supports bill that aims to help veterans start businesses

The Veterans Entrepreneurial Transition (VET) Act of 2015, a bipartisan bill that would offer veterans access to resources provided by the Small Business Administration, gained the support of U.S. Sen. Shelley Moore Capito (R-WV) on Monday.

“As our service members in West Virginia and across the country transition from military to civilian life, many are eager to become small-business owners and entrepreneurs. With 9 percent of businesses owned by veterans, we need to create opportunities and spur growth for others who aspire to start their own ventures,” Capito said. “The VET Act will give our veterans flexibility, choice and the resources they need to achieve their goals and boost the economy.”

Sens. Jerry Moran (R-KS) and Jon Tester (D-MT) introduced the bill.

While some veterans choose to use their G.I. benefits to pursue higher education, others are opting to enter the workforce.

The Small Business Administration said veterans made up 9.1 percent of all business owners in 2012. The VET Act proposes an innovative way to support veterans in their professional development by offering veterans a choice in accessing the resources, training and support they need to start a small business, create jobs and generate economic growth.