WASHINGTON — Millions of small businesses nationwide are owned by veterans but many vets say they face financial hurdles when it comes to getting their businesses up and running.
Channel 2 Washington Correspondent Samantha Manning spoke to veteran business owners at the Capitol, where they shared their experiences with lawmakers.
The nearly two million small businesses owned by veterans in the U.S. employ about 5.5 million people, but business owners say it’s often an uphill battle, whether it’s getting started or staying open.
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“Sadly, the bureaucratic red tape, there’s a heck of a lot of it, challenged small businesses,” Rep. Nick Lalota (R-N.Y.) told Channel 2 Action News.
Those challenges and the red tape was the topic of a discussion in a House of Representatives committee meeting on Tuesday, that had the attention of lawmakers in both parties.
“Veteran entrepreneurs play a significant role on Main Street,” Rep. Hillary Scholten (D-Mich.) said.
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