Lloyd-Holladay Relocation Grant

The Lloyd-Holladay Relocation Grant is a limited time grant program developed to support Lloyd Center Mall tenants, activate vacant store fronts, and drive foot traffic in the Lloyd-Holladay TIF District by providing funding for moving expenses and tenant improvements.

Who is the grant for?

This grant is for businesses and up to two nonprofits looking to locate in a ground floor commercial space in the Lloyd-Holladay TIF District. The grant seeks to:

  1. Retain and grow existing businesses in the district (such as tenants of the Lloyd Center Mall);
  2. Activate ground floor spaces and increase foot traffic; and
  3. Support small businesses moving into new storefronts.

Prior to September 1, 2026, the business or nonprofit must be a Lloyd Center Mall tenant relocating to another location in the district. After that date, any remaining grant funds will be available for any business or nonprofits looking to locate or relocate into a ground floor space in the district.

Any applications from businesses or nonprofits that are not Lloyd Center tenants will be denied through September 1, 2026. Businesses or nonprofits may reapply after that date if the grant is still open with available funds at that time.

Grant Details

The Lloyd-Holladay Relocation Grant is a limited time grant program developed to support Lloyd Center Mall tenants with relocation, to activate vacant store fronts and drive food traffic in the Lloyd-Holladay TIF District.

There is a total of $153,000 available with grants up to $25,000 for businesses and nonprofits relocating into ground floor commercial space in the Lloyd-Holladay TIF District. Funding may be used for moving expenses and tenant improvements.

From program launch until September 1, 2026, grant awards will be reserved for Lloyd Center Mall tenants relocating within the TIF district. For these tenants, grant awards may include reimbursement of eligible expenses incurred since April 2, 2026, to account for the mall closure in August 2026.

After September 1, 2026, any remaining grant funds will be available for any business or nonprofit looking to locate or relocate in the district and will not include eligible expenses incurred prior to a finalized grant agreement.

Applicants may apply for a grant of up to $25,000 for their project on a first-come, first-served basis. Applications will open on July 1, 2026 and will be reviewed on a rolling basis until funds are exhausted.

Once an application is approved and a grant agreement is executed, work must be completed in 12 months, and reimbursement will be provided following project completion and reporting. Prosper Portland may directly pay a contractor based on demonstrated financial need of the grantee.

There is a total of $153,000 available with grants up to $25,000 for businesses and nonprofits relocating into ground floor commercial space in the Lloyd-Holladay TIF District. Funding may be used for moving expenses and tenant improvements.

This grant is available only in the Lloyd-Holladay TIF District and will expire once funds are exhausted.

  1. Business Owner: Owner of a business that:
    1. Is located in the City of Portland;
    2. Has at least 2 years of business experience;
    3. Is in the process of securing or has secured a lease for a ground floor space zoned for commercial/mixed use, employment, industrial or multi-dwelling in the Lloyd-Holladay TIF District with at least a 2-year term length;
    4. Is ready to move and complete tenant improvements within 12 months; and
    5. Has City of Portland business license and State of Oregon registry;
  2. 501c(3) or 501c(6) Nonprofit: up to a maximum of two grants may be awarded to a nonprofit that:
    1. Is located in the City of Portland;
    2. Has been in operation for at least 2 years;
    3. Is in the process of securing a lease or has secured a lease for a ground floor space zoned for commercial/mixed use, employment, industrial or multi-dwelling in the Lloyd-Holladay TIF District with at least a 2-year term length; and
    4. Is ready to move and complete tenant improvements within 12 months.
  1. From program launch until September 1, 2026, grant awards will be reserved for Lloyd Center tenants relocating within the TIF district. For these Lloyd Center tenants, grant awards may include reimbursement of eligible expenses incurred since April 2, 2026, to account for the mall closure in August 2026.
  2. After September 1, 2026, any remaining grant funds will be available for any business or nonprofit looking to locate or relocate in the district and will not include eligible expenses incurred prior to a finalized grant agreement.

Apply for grant funds using the application linked below. Applications will be reviewed in the order they are received, and eligible applicants will be awarded grants on a first-come, first-served basis until all funds are awarded. The application will remain open until funding is exhausted.

Frequently Asked Questions

Prior to September 1, 2026, the business or nonprofit must be a Lloyd Center tenant relocating to another location in the Lloyd-Holladay TIF District. After that date, any remaining grant funds will be available for any business or nonprofit looking to locate or relocate in the district.

Grants to nonprofits are limited to two total awards.

Grant funds may be used for moving costs, physical improvements (hard costs) and eligible consulting assistance (soft costs) to support business-related and property-related improvements on commercial, industrial, and mixed-use property within the Lloyd-Holladay TIF District.

  • Hard costs: Signage, painting, lighting, storefront or mechanical systems, tenant improvements, roofs, sidewalks, parking lots, security, landscaping, or other permanent fixtures.
  • Soft costs: Moving expenses (third party truck rentals, third party professional movers, moving supplies), design, architectural and engineering services, permitting fees, and third-party project management. Prosper Portland, at its sole discretion, may require use of a professional consultant for complex projects and where such advice is likely to improve the quality of the project.
  • Moving costs capped at $5,000.

Funds must be used on expenses incurred since April 2, 2026 for applicants who are relocating out of the Lloyd Center Mall, and otherwise for expenses incurred only after the grant agreement is executed.

Funds cannot be spent on the following:

  • Food, alcohol, or cannabis products
  • Inventory purchases or replacement
  • Non-permanent fixtures and furnishings
  • Government uses within publicly owned buildings
  • Purchasing real property for development
  • Operating expenses (e.g., owners or employee wages, marketing, equipment, research and development, rent)

An eligible property:

  1. Is located within the Lloyd-Holladay TIF District;
  2. Is a ground floor space zoned for commercial/mixed use, employment, industrial or multi-dwelling; and
  3. Has all financial obligations to the property are current, including taxes and debt payments.

Business woman working at laptop

Let's get started

Applying is easy. Submit your application online.

Questions? Contact ballok@prosperportland.us

Para interpretación en español, por favor llame 971-393-8409.

如需中文翻譯，請聯絡 ruand@prosperportland.us