University of Maryland Receives $2 Million to Launch Business Outreach Center for Veterans

The University of Maryland has been given a five-year, $2 million grant from the U.S. Small Business Administration (SBA) to launch the Mid-Atlantic Veterans Business Outreach Center, a center for training, consulting and assistance for military veteran entrepreneurs and veteran-owned small businesses.

UMD Chief Innovation Officer Julie Lenzer will lead the center, which will work with the SBA and partners such as the Small Business Development Center, SCORE and Women’s Business Center.

According to a 2017 SBA report, there are 237,655 veteran-owned businesses and a veteran population of 2,077,810 across the mid-Atlantic.