Services for small businesses affected by the COVID-19 pandemic are coming soon. Culturally specific services will also be available. Services will include:
- Navigation to business resources
- One-on-one support to complete grant or loan applications for relief programs
- Cultural and industry-specific technical assistance
Who does this program serve?
Portland small businesses that have been economically impacted by the COVID-19 pandemic.
Spring 2022: Program Launch
March 2024: All funds must be spent
How do I apply for this program?
Providers will be selected through a Request for Proposal (RFP) process. These services will be available in Spring 2022. For more information, visit the Prosper Portland website at: Prosper Portland’s Economic Recovery Investments Funded by the American Rescue Plan – Prosper Portland.
How is this program funded?
The City of Portland has committed $2 million to this program. This money comes from the U.S. government’s 2021 American Rescue Plan local recovery funds. Portland will receive a total of $208 million from the American Rescue Plan and has until Dec. 31, 2026, to spend it. The City of Portland is spending money in three priority categories:
- Houselessness Response and Household Stabilization
- Small Business and Commercial District Stabilization
- Community Health and Safety
Read more about these investments in this article: American Rescue Plan: Investing in Portland
Who manages this program?
Prosper Portland, the city’s economic development agency, operates this program. Prosper Portland’s mission is to create economic growth and opportunity for Portland.
The City of Portland is committed to sharing how American Rescue Act funding supports Portland people, households, businesses, and community organizations. Check back for updates on the Small Business Resource Navigation & Technical Assistance program.