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RANDOLPH, Vt. (AP) â¿¿ Vermont veterans seeking to create or expand small businesses now have access to office support services thanks to a business incubator set aside just for them in Randolph, officials said Monday.
The Vermont Tech Enterprise Center Business Incubator provides the office space and equipment veterans need to do office work, have business meetings, or just think and share ideas with other business owners.
The space in an office building just off Interstate 89 includes high-speed internet service, copiers, meeting and conference rooms, video conferencing and a hospitality area. The space is free to use for veterans and service members who are starting or expanding a business in Vermont.
"It's not just about building jobs and the economy. That's really important, it's (also) about rebuilding lives," said U.S. Rep. Peter Welch, a Democrat and Vermont's lone member in the House of Representatives who helped secure some of the funding that helped create the program.
Nationally, more than 200,000 people are discharged from the U.S. military each year. The U.S. Small Business Administration says that nearly one in 10 small businesses are veteran-owned, and retired service members are at least 45 percent more likely than those without active-duty military experience to be self-employed.
U.S. Census Bureau numbers show there are 51,373 civilian veterans in Vermont, many of them adjusting after duty in Iraq and Afghanistan. Some of those veterans are starting or expanding businesses.
"When they come home, especially in a rural community, those soldiers have that experience that was intense, it was powerful. They saw things we would hope no one would ever have to see. And they have to bear that burden alone," Welch said.
One of the vets who will take advantage of the Randolph center is WillyJane Patry, 34, of Barre, still a member of the Vermont National Guard and a veteran of year in Afghanistan. She is studying construction management at Vermont Tech and she now runs a small real estate rental business.