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PenFed Foundation Ranks Top Metro Areas for Vets’ Businesses

Virginia-based credit union’s foundation program helps veterans discover entrepreneurship.

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Veteran-owned business. Source: Shutterstock.

The metropolitan areas of New York, Chicago, Seattle, Dallas and San Francisco are among the top five regions for veterans to start and grow a business, according to new research recently released by the PenFed Foundation’s Veteran Entrepreneur Investment program, a charitable arm of the $24.7 billion PenFed Credit Union in Tysons, Va.

“Through our Veteran Entrepreneur Investment program, we are helping hundreds of veterans a year fulfill their dreams of owning their own businesses by helping them write business plans; connecting them with mentors, partners and legal advisors; and making financial investments in majority-veteran-owned businesses through convertible notes,” General (Ret.) John W. Nicholson, Jr., president of the PenFed Foundation, said.

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