News
Prosper Portland awards $865,000 in Community Livability Grants
Significant projects include the renovation of Literary Arts’ headquarters in the Central Eastside; safety [...]
Data Directions: Connect Portlanders to High-Quality Jobs in Future-Ready Sectors
The need for access to employment centers has driven Prosper Portland’s strategic investments in East Portland. In collaboration with other public partners, Prosper Portland has developed five-year action plans in two East Portland Tax Increment Financing (TIF) district to determine priorities and investments in affordable housing, home repairs, community amenities, commercial spaces for local businesses, or other eligible projects.
Prosper Portland awards grants for business diversity and inclusion
Fifteen local businesses representing Portland’s priority industry clusters – green cities, athletic and outdoor/consumer products, technology and media, manufacturing, [...]
Data Directions: Vibrant Central City
Continuing challenges due to the pandemic, perceptions of reduced public safety, and the increasing preference toward remote work have reduced the presence of employees and visitors in Portland's Central City.
Data Directions: Promote Equitable Wealth Creation
Staggering wealth inequality continues to be a significant challenge across the country. Multigenerational wealth created from property and business ownership drives much of this disparity; even gains in employment and income show little progress in erasing differences in wealth.
2023 Post-Production Grant Recipients Announced
The Portland Events and Film Office, in partnership with Travel Portland, has announced the [...]
Notice of Budget Committee Meetings
On Wednesday, May 10, 2023, the FY 2023-24 Proposed Budget will be presented to the Prosper Portland Budget Committee along with the Budget Message. The meeting will be held at 2:00 p.m., followed by a public hearing where testimony will be taken on the Proposed Budget.
Portland City Council approves five-year “Advance Portland” inclusive economic development strategy
The Portland City Council has unanimously approved, with a 5-0 vote, the Advance Portland [...]
Opportunity for input on the city’s next economic development strategy
Advance Portland is a strategic framework and action plan for building a more inclusive, [...]
Data Directions: Propel Inclusive Economic Growth & Innovation
Portland has many promising traded sector industry clusters, including Green Cities, Athletic & Outdoor, Metals & Machinery, and Food & Beverage Manufacturing. It also has cross-cutting functional clusters around headquarters, software and professional services that intersect with and support these key clusters. Together, these clusters offer major growth opportunities – some in established, growing industries (e.g., Athletic & Outdoor, Software), some more emergent (e.g., Green Cities innovations around grid modernization), and others in legacy industries with a strong employment base and lower barrier to entry positions (e.g. Metals & Machinery).
Data Directions: Income
While growth of higher wage, knowledge industry jobs is certainly a positive economic sign, we’re also seeing how growth in this “next economy” is contributing to the disappearance of the middle class, with a relatively flat level of growth in middle-wage employment opportunities. And when we divide Portlanders into five income quintiles, we see the stark impact of systemic racism and inequitable opportunities.
Portland’s Economic Recovery and Job Growth Must Prioritize BIPOC-Communities
Prosper Portland has been committed to the growth of middle-wage jobs through our programs [...]
Cully TIF District approved by Portland City Council vote Wednesday, November 16
Portland City Council has voted 5-0 to approve the creation of the Cully Tax [...]
My People’s Market is back in September as a reimagined market centering BIPOC businesses and makers
My People’s Market is back, offering an immersive, in-person marketplace featuring 140+ BIPOC vendors [...]
Prosper Portland awards more than $1.8 million in community livability grants
NEWS RELEASE Contact: Shawn Uhlman, Prosper Portland, 503-823-7994 Significant projects include the expansion of [...]
Prosper Portland launches small business hub
NEWS RELEASE Contact: Shawn Uhlman, Prosper Portland, 503-823-7994 Prosper Portland has launched a new [...]
Prosper Portland awards grants for business diversity and inclusion
NEWS RELEASE Contact: Shawn Uhlman, Prosper Portland, 503-823-7994 Eleven local businesses representing Portland’s targeted industries – green [...]
Prosper Portland names new director of equity, policy and communications
Prosper Portland, the city of Portland’s economic development agency, has selected Chabre Vickers as its [...]
Four local film projects awarded post-production grants
Contact: Shawn Uhlman, Prosper Portland, 503-823-7994 The Portland Film Office, in partnership with Travel [...]
Your property tax bill and urban renewal
The City of Portland has eleven urban renewal areas (also known as tax increment [...]