The , a national 501c3 founded by , announced the findings of its annual study on the top U.S. cities for veteran entrepreneurs and the District was high on the list.
According to the 2024 study, Raleigh, North Carolina maintained its position as the top city for veterans to start their businesses. The District and Seattle, Washington made improvements from past surveys to claim the second and third positions, respectively.
This year鈥檚 study placed a special emphasis on larger cities and their major veteran-owned businesses that have succeeded. Each city is analyzed across four major categories, which include livability, economic growth, support for veterans and ability to start a business.
The , which supports veteran entrepreneurs from the idea stage to Series A and beyond, conducted the study in partnership with Edelman Data and Intelligence.
鈥淎merica鈥檚 veterans make terrific entrepreneurs because they are adaptable, agile, resilient and mission-focused, which is the perfect combination for a successful business owner,鈥 said PenFed Foundation President 鈥淭hat’s why the PenFed Foundation is proud to commission this study for the fifth year in a row highlighting the cities that are making strides to support these veteran businesses.鈥