PenFed Foundation announces top U.S. cities for veteran entrepreneurs in 2024
- The PenFed Foundation conducted a study in 2024, evaluating 390 metropolitan areas for their support of veteran entrepreneurs.
- Raleigh was recognized as the top city, with Washington, D.C. and Seattle improving their positions to second and third, respectively.
- The research underscores the significant role cities play in fostering entrepreneurial success for veterans, concluding that effective city support is crucial.
In the United States, the PenFed Foundation announced results from its annual study assessing the best cities for veteran entrepreneurs on October 28, 2024. The study evaluated 390 metropolitan statistical areas based on livability, economic growth, support for veterans, and the ability to start a business. Raleigh retained the top position, while Washington D.C. and Seattle climbed to second and third places respectively. The study aims to highlight cities that have improved support for veteran-owned businesses and recognizes the characteristics that make veterans effective entrepreneurs—traits such as resilience and adaptability. This annual analysis serves to provide insights into city characteristics that foster an entrepreneurial environment for veterans, ultimately guiding resources and support to those who have served in the military.