Empowering Veterans: A Grant for Entrepreneurship Training

Empowering Veterans through Entrepreneurship Training

The PenFed Foundation has awarded a significant grant to Project Opportunity, an innovative program aimed at providing entrepreneurship training for veterans.

Training Focused on Real-World Skills

This initiative serves as an alternative to traditional employment, allowing military personnel to capitalize on the skills developed during their active duty. It’s a chance for veterans to blend their military experience with new entrepreneurial ventures.

Course Structure and Content

Project Opportunity is a comprehensive 10-week course specifically designed for active duty, reserve, guard, and veteran small business owners. Throughout the training, participants engage with the NxLevel Curriculum, a renowned entrepreneurship training program recognized nationally.

Various subjects are covered throughout the course, including essential topics such as cash flow analysis, marketing research, credit management for small businesses, and the intricacies of commercial insurance. This multifaceted curriculum also includes a thorough examination of the tax implications associated with various business structures, along with workshops on sales presentations and website design.

Expert Guidance and Support

Veterans in the program benefit from insights and presentations delivered by industry experts. These sessions aim to equip participants with the tools necessary to create effective business plans. The overarching goal is to ensure veterans are well-prepared to enter the entrepreneurial landscape upon completing the program.

Community Impact and Expansion

As noted by Andrea McCarren, President of the PenFed Foundation, "Support for Project Opportunity not only aids veterans in advancing their careers but also contributes significantly to job creation within the veteran community." The program's approach aligns seamlessly with the innate entrepreneurial spirit cultivated through military service.

Project Opportunity is actively enrolling participants for its upcoming classes, continuing its commitment to empower veterans in their business endeavors across various locations.

Upcoming Classes

The next series of classes will take place in different counties, offering a range of times and locations for interested veterans:

• Prince George's Spring 2025 Class - This session will begin on March 13, 2025, and conclude on May 22, 2025, occurring Thursday evenings from 6:30 PM to 9:30 PM.
• Howard County Spring 2025 Class - Kicking off on February 20, 2025, and finishing on May 8, 2025, classes will be held from 6:00 PM to 8:30 PM on Thursday evenings.

Supporting Veterans Beyond Training

The PenFed Foundation plays an integral role in facilitating successful transitions for veterans. Established in 2001, the Foundation is dedicated to aiding veterans in navigating the challenging shift from military service to the civilian workforce.

With over $55 million allocated for various programs, the PenFed Foundation ensures that donations effectively support these initiatives, bolstering the foundation’s operational costs through the contributions of PenFed Credit Union. This collaboration enables the foundation to direct more resources toward impactful programs that assist veterans and their families across the nation.

Veterans seeking to improve their business acumen and explore entrepreneurship are encouraged to apply for Project Opportunity’s upcoming classes.

Frequently Asked Questions

What is Project Opportunity?

Project Opportunity is a free entrepreneurship training program offered to veterans aimed at helping them establish their own businesses.

Who can participate in the program?

The program is designed for active duty, reserve, guard, and retired military personnel interested in entrepreneurship.

What is the duration of the course?

The course consists of 10 weeks of intensive training covering various aspects of entrepreneurship.

What topics are covered in the training?

Key topics include business planning, cash flow management, marketing strategies, and tax implications for small businesses.

How can veterans apply for the program?

Veterans can apply for the upcoming classes through the Project Opportunity website, where applications are currently being accepted.

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