What is Forward Cities?
Forward Cities operates as a national nonprofit dedicated to the structural transformation of local entrepreneurial ecosystems. By implementing data-driven frameworks and community-centric programs like E3 Durham, the organization provides essential guidance and resources to local business owners. Their market position is defined by a commitment to removing systemic barriers, effectively bridging the gap between traditional economic development and inclusive growth. Through strategic collaborations, Forward Cities empowers community advisors to cultivate environments where diverse entrepreneurs can thrive, thereby strengthening the broader economic fabric of the regions they serve.
How much funding has Forward Cities raised?
Forward Cities has raised a total of $496K across 2 funding rounds:
Debt
$150K
Debt
$346K
Debt (2020): $150K with participation from PPP
Debt (2021): $346K led by PPP
Key Investors in Forward Cities
PPP
Public-Private Partnership
What's next for Forward Cities?
With the recent infusion of capital, Forward Cities is positioned to accelerate its national expansion strategy, focusing on the replication of its successful ecosystem-building models in new geographic markets. The organization is expected to prioritize the enhancement of its digital advisory platforms and the deepening of its partnerships with regional stakeholders. As it moves into this next phase of growth, the focus will remain on long-term sustainability and the measurable impact of its equitable entrepreneurship programs, ensuring that the momentum generated by this financing translates into lasting community prosperity.
See full Forward Cities company page
