Huntsville — the hub city for businesses doing business with the Department of Defense — is a natural home for The Catalyst Center for Business & Entrepreneurship’s new Veteran’s Accelerator, a business accelerator focused on military veterans.
According to Veteranownedbusiness.com, Alabama has 45,099 veteran-owned businesses, which makes veteran majority-owned businesses about 11.8 percent of the businesses in the state.
The Catalyst Center for Business & Entrepreneurship provides supportive programs and resources to veterans for starting or growing a business.
Services include customized coaching, financial education and training for veterans who are interested in starting a business or growing an existing one. Services also focus on Service-Disabled Veteran Owned Small Businesses, a federal program to enable service-disabled veterans to gain access to economic opportunity by leveraging the federal procurement system and expanding participation of procurement-ready small businesses.
The Veteran’s Accelerator is a membership consortium of Veteran Owned Small Business and Service-Disabled Veteran Owned Small Businesses, with a steering committee comprised of veterans and business leaders to provide guidance and advice on matters of interest to its members.