Founders First Grants Now Available for Veteran-Owned Small Businesses

Applications are now open for veteran-owned small businesses to apply for grants from the Stephen L. Tadlock Fund through Founders First CDC, a national 501(c)(3) nonprofit organization that enables the expansion of various generative businesses of revenue led by founders.

To be eligible, the company founder must be a U.S. military veteran, have an active U.S.-based business, and have between two and 50 employees. Nominations are accepted until October 18, and recipients will be announced on Veterans Day, November 11, 2022.

The fund was inspired by Founders First CEO and founder Kim Folsom’s brother, Stephen L. Tadlock, a U.S. Navy veteran. This is the second year that such grants will be distributed.

The $25,000 grant will be awarded to 25 veteran recipients who will receive $1,000 each.

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“We are extremely pleased to be among the recipients of the Job Creators Grant. This opportunity helps business owners in so many ways,” said Darlisa Diltz, executive director of the North Texas Entrepreneur Education and Training Center in North Richland Hills, whose business received a grant in 2021.

“Learning practical and tangible business best practices that we can take up and implement with our teams, customers and community is priceless,” Diltz said. “Plus, the resources provided by Founders First are really beneficial to entrepreneurs like me, beyond just funding.”

According to the last US Census Bureau survey of small business owners, there are more than 2.5 million majority veteran-owned businesses in the United States that employ more than 5 million people. As a result, these companies generate revenues of over $1.14 trillion and account for an annual payroll of $195 billion.

“Small businesses owned by veterans represent 9.2% of the total number of businesses in Texas, which is above the national average,” said Shaylon Scott, chief executive of Founders First. “Therefore, empowering and supporting these entrepreneurial leaders is key to sustaining the local economy. The recent economic difficulties have proven difficult for all small businesses, even the most experienced ones. With this grant, we are able to help them thrive and look to the future during these uncertain times. »

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The Stephen L. Tadlock Fellowship judging committee includes a panel of distinguished veterans, representing multiple branches of service.

“I have seen with my own eyes, through my brother’s experience in the United States Navy and his reintegration into civilian life, that American veterans give back to our country every day, and after their service it is essential that “They receive support from family, friends and local communities to thrive in their careers after their service,” Folsom said.

“As veteran-owned businesses are essential contributors to the small business community, I’m proud to extend this fund for the second year in a row to veteran business owners who need an extra boost of funding. .”

Qualified business owners can apply for foundersfirstcdc.org/stephen-tadlock.