More than $111 million in funding is being made available for more than 800 law enforcement positions across the country.
Attorney General Eric Holder announced funding for the new "Vets To Cops" initiative on Monday through the U.S. Department of Justice Office of Community Oriented Policing Services.
The grants require that all new positions funded by the program must be filled by recent military veterans.
"I think what veterans bring that's unique -- this group of young veterans -- is toughness, operational skills that have a great foundation for leadership," Secretary of Veterans Affairs Eric Shinseki said. "At a very young age, they learn leadership in ways that most of us don't. Out there on the ground, they make judgments and carry them out."
Earlier this month, when President Barack Obama discussed his proposal for a Veterans Jobs Corps, he said, "I believe that no one who fights for this country should ever have to fight for a job when they come home."