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New Business Grant launched from Prosper Portland

Local Small Business Repair & Reopening Grants

This program offers grant support to local small businesses and nonprofits.

Many Portland businesses have experienced an unprecedented level of stress and anxiety as a result of recent economic shocks. The Local Small Business Repair & Reopening Grants will use existing tax increment funding (TIF) resources to provide near-term support for small businesses and nonprofits impacted by the pandemic, compounded by recent physical damages some have experienced. Prosper Portland has identified areas within TIF districts where businesses have immediate repair needs. Those areas include the Central Eastside with priority for Black, Indigenous and all People of Color (BIPOC)-owned businesses and community-serving nonprofits.  

The Small Business Repair portion of the grant is available now, with awards between $500 and $10,000 and no match requirement, for small businesses and nonprofits needing immediate physical repairs. This is not a first-come, first-served process. 

Applications close Sunday, June 14.

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