N/NE Community Development Initiative Action PlanLisa Norwood2023-07-27T15:55:47-07:00
Until We Get There Mural by Eatcho
N/NE Community Development Initiative
The Interstate Corridor Tax Increment Finance (TIF) District has $32 million in tax increment funds (TIF) for economic and redevelopment purposes. The N/NE Portland Community Development Initiative, established by Prosper Portland and guided by an advisory committee, developed an Action Plan to guide the investment of these resources.
The goals of the N/NE Portland Community Development Initiative (CDI or Initiative) are to:
increase employment and wealth creation opportunities for long-term and returning residents, business and property owners,
strengthen community capacity to produce economic opportunities, and
support cultural/community assets.
To achieve these goals, the Initiative established desired outcomes and strategic investment priorities for the remaining $32 million in TIF funds. Investments will be consistent with the District Plan and Prosper Portland’s strategic goals, and will build on complementary, community-led initiatives such as the State of Black Oregon. The Initiative focused on TIF-eligible “bricks & mortar” development projects and also prioritized non-TIF investments that support the goals of the Initiative, such as business technical assistance.
The Initiative has incorporated public outreach consisting of individual interviews and focus group discussion with key leaders invested in community economic development activities. In addition, the general public submitted their input at community forums held in September 2016 and March 2017.
N/NE Action Plan Leadership Committee
The committee works in partnership with Prosper Portland in an oversight capacity to implement the Action Plan for the N/NE Community Development Initiative for economic development in the N/NE Interstate Corridor. Committee members use their professional skills and background to inform and drive the agency’s approach and investment of tax increment funding; review progress; and recommend adjustments to improve impact.
The core work of the committee:
Lead work with a focus on engagement
Support partnerships with community-based organizations and leaders
Provide recommendations and oversight on Action Plan direction and investment priorities
Assess progress and make recommendations to improve impact
Attend monthly meetings and periodic work group sessions