On Tuesday, May 10, the Office of Advocacy’s Region II Advocate, Teri Coaxum, testified before two New York City Council committees—the Committee on Small Business and the Committee on Veterans, chaired by Diana Reyna and Mathieu Eugene. Coaxum described the role of the Office of Advocacy and shared the newly released Advocacy-funded study, Factors Affecting Entrepreneurship among Veterans, by John B. Hope, Brian Oh, and Patrick C. Mackin.
At the hearing, titled “Oversight: Reintegration of Veterans into the Workforce and the Small Business Community,” Coaxum related the authors’ findings that military service is highly correlated with the probability of self-employment. This confirms the findings of previous Advocacy-published research showing significant positive effects for military service on the probability of self-employment. The new study is able to quantify those marginal effects to at least 45 percent.