Selected recipients receive an award letter listing items required in order to fund a grant, including state 501(c) status, City of Portland business license, current status of property taxes, project plans, construction bids and permits.  Grant Agreements are based on construction bids submitted by the grant recipient and approved by Prosper Portland.  Funds may only be used for permanent real property improvements that add, expand or improve physical space.  Work performed prior to a fully executed grant agreement is not eligible. To access funds, recipient must provide an invoice from the contractor, proof of payment and a signed Disbursement Form.  Funds are disbursed either as a reimbursement to the recipient (with proof of payment) or directly to the contractor.