Seven-Year Commitment Will Fund Education and Training for Veterans and Military Spouse Small Business Owners
First Data, the global leader in payments technology and services solutions, today announced a new seven-year, $7 million commitment to the Institute for Veterans and Military Families at Syracuse University (IVMF) to fund education, research, training and opportunities for transitioning veterans entering the business community. This funding will directly support innovative programs designed specifically for transitioning military service members, and veteran and military spouse small business owners.
“First Data is deeply committed to supporting the military and veteran community in everything from employment opportunities to offering a wide array of resources to veteran entrepreneurs,” said Frank Bisignano, First Data Chairman and CEO. “This partnership with the Institute for Veterans and Military Families will provide thousands of new veteran and military spouse entrepreneurs with exceptional education, training and resource opportunities to help them build their businesses.”
The IVMF partnership is part of the company’s larger commitment to the military community as part of First Data Salutes, an initiative dedicated to making the company an employer of choice for veterans and military spouses, and a provider of a comprehensive suite of business solutions for veteran owned businesses.
“Veterans represent 6% of the U.S. population, but account for 13.5% of U.S. Small Businesses,” said Dr. Mike Haynie, Executive Director of the Institute for Veterans and Military Families and Vice Chancellor for Veteran and Military Affairs at Syracuse University. “Given First Data’s millions of small business customers and incredible commitment to the military community, we believe this partnership will have long-lasting impacts on research, programming and education in veteran entrepreneurship.”
In 2014, First Data’s veteran and military spouse new hires increased from 2% to 10%. In addition, the company, a recipient of the Secretary of Defense Employer Support Freedom Award, re-committed to a Statement of Support with the Defense Department’s Employer Support of the Guard and Reserve (ESGR), reaffirming the company’s pledge to encourage increased hiring of service members in the Guard and Reserve.
About First Data
First Data is the global leader in payment technology and services solutions. With 24,000 owner-associates and operations in 35 countries, the company provides secure and innovative payment technology and services to more than six million merchants and financial institutions around the world, from small businesses to the world’s largest corporations. Today, businesses in nearly 70 countries trust First Data to secure and process nearly 2,000 financial transactions per second, totaling $1.8 trillion a year. First Data’s unparalleled infrastructure and partnerships go “beyond the transaction” with next-generation point-of-sale technology fueled by powerful analytics to detect fraud, gain insights into consumer spending, and strengthen customer loyalty. All day, every day, First Data helps its clients thrive in the evolving world of commerce.
About The Institute for Veterans and Military Families (IVMF)
The IVMF is the first interdisciplinary national institute in higher education focused on the social, economic, education and policy issues impacting veterans and their families post-service. Through our focus on veteran-facing programming, research and policy, employment and employer support, and community engagement, the institute provides in-depth analysis of the challenges facing the veteran community, captures best practices and serves as a forum to facilitate new partnerships and strong relationships between the individuals and organizations committed to making a difference for veterans and military families. Learn more about IVMF at http://vets.syr.edu