Veterans Entrepreneurship Act of 2023

HR 903 creates a 3-year pilot program offering grants to up to 250 eligible veterans to start or acquire small businesses, franchises, or startups. Eligible veterans must have completed 36+ months of active duty (or 24+ months for disability) and qualify for VA education benefits under Chapter 30 or 33. Grantees must complete approved entrepreneurship training, submit a business plan for approval, and receive funds in installments after meeting business milestones. The program provides grants up to the value of the veteran’s education benefits plus monthly housing-equivalent support during the business development period.