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Measure would help veterans create, expand businesses

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Posted: Wednesday, May 22, 2013 4:30 am

A bill establishing a entrepreneur program for veterans overseen by the Texas Veterans Commission will become law if signed by the governor.

The Texas House last week passed Senate Bill 1476, sponsored in the House by Rep. Ralph Sheffield, R-Temple.

The bill will directly impact nearly 1.7 million veterans residing in Texas, Sheffield said in a release.

The bill allows the commission to create and implement the Veteran Entrepreneur Program, which will assist veterans starting or expanding their businesses. It also provides guidance to veteran entrepreneurs and business owners through conferences, seminars and training workshops with federal and state agencies.

In Texas, veterans own 9.2 percent of all private companies and provide work for nearly 500,000 employees, with estimated annual receipts totaling more than $99 billion, according to information from Sheffield’s office.

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