Washington D.C. Tops Veteran Entrepreneur City Rankings Again in 2026

Washington, D.C. has claimed the top spot on the PenFed Foundation for Military Heroes' annual ranking of best U.S. cities for veteran entrepreneurs for the second consecutive year, according to the nonprofit's 2026 report released Tuesday. Raleigh, North Carolina, and Austin, Texas, followed in second and third place respectively.

The PenFed Foundation for Military Heroes, a national nonprofit headquartered in Tysons, Virginia, focuses on helping veterans navigate the transition from military service to civilian professional life, including supporting those who pursue entrepreneurship. The annual ranking is designed to highlight metropolitan areas that offer the strongest combination of resources, networks, and economic conditions for veteran-owned businesses.

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Washington, D.C.'s repeat performance at the top of the list underscores the capital region's sustained appeal for veteran business owners, likely reflecting its proximity to federal contracting opportunities, veteran-support infrastructure, and a dense professional network. Raleigh and Austin, both fast-growing technology and business hubs, signal that Sun Belt and mid-Atlantic metros continue to attract veteran entrepreneurs seeking dynamic economic environments.

The foundation's work addresses a critical juncture for many service members, as veterans who launch businesses contribute meaningfully to local economies and job creation across the country. Rankings of this kind serve as practical guidance for veterans weighing relocation or startup decisions tied to geography.

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