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.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Peter Strozniak

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.