Prosper Portland’s projects are among the best-known in the city: Museum Place, Eastbank Esplanade, the Rose Quarter, light rail to the airport and North Interstate Avenue, the Classical Chinese Garden, Pioneer Place, Pioneer Courthouse Square, RiverPlace, Chinatown Gateway, renovation of historic Union Station, and the redevelopment of what’s now the Pearl District. Our focus is on serving all Portland residents, using intentional and inclusive economic development that closes gaps in equity by always being mindful of who benefits.
The Thriving Small Business loan program, which has been structured to address access-to-capital issues faced by underrepresented populations, including businesses owned by women and people of color and businesses owned by those in low-income areas.
Portland Means Progress is an initiative that provides connections for businesses to hire local underrepresented students, purchase from businesses owned by people of color and create diverse and vibrant workforce and company cultures.
The Inclusive Innovation Fund is a new pilot program for small, traded-sector employers located in the City of Portland offering grant funding to inspire creative equity-related best practices by employers around workforce, marketing and communications.
The AC Marriott is a 204-room hotel that provides much-needed downtown inventory and increased employment in the central city and is projected to generate more than $600,000 in property tax revenues and $1,000,000 in transient lodging tax revenues annually.
The Asian Health and Service Center headquarters is located at SE Foster Road and SE 91st Avenue. The development is an approximately 30,000 square foot build-to-suit commercial building that will house the AHSC office, community and clinic services, and event space.
Legacy Health, Prosper Portland and the City of Portland have formed a partnership to develop a vacant 1.7 acre block at North Russell Street and North Williams Avenue currently owned by Legacy Health. The focus of the development is to honor Portland’s African-American community, contribute to the neighborhood’s vibrancy, and further Legacy Health’s mission of promoting health and wellness for children and families.
Prosper Portland will offer the Affordable Commercial Tenanting Program at 10Y, a full block of commercial space in the prime West End area of downtown Portland at SW 10th Avenue and SW Yamhill Street. The revitalized building will offer a variety of spaces to create a cohesive and complementary mix of tenants.
Prosper Portland offers the Affordable Commercial Tenanting Program at Alberta Commons, a unique opportunity for small minority-owned businesses to gain a foothold in the retail mix of the area, provide needed goods and services to the neighborhood and create lasting, beneficial relationships with the Northeast Portland community.
Prosper Portland has created the Affordable Commercial Tenanting Program to reduce barriers to entry for underrepresented businesses, preserve small business vitality, and advance our goal to build an equitable economy.
Over the last ten years, several critical repair and maintenance projects have been completed at Union Station - the oldest major passenger terminal on the West Coast. Additional repairs are needed to stabilize and rehabilitate the station.
The Commercial Property Redevelopment Loan Program provides financial assistance for property development or rehabilitation that furthers economic development in commercial areas or on commercial corridors.
Our goal is to ensure that Prosper Portland projects offer equal opportunity in employment and that those who have been historically underused in the construction trades have access to jobs through training programs.
Since 2004, Prosper Portland has collaborated with the Oregon Manufacturing Extension Partnership to provide lean/efficiency improvement consultations. We provide a 50% match of up to $12,500 for OMEP services to qualified companies.
Prosper Portland is the local sponsor for the Portland Enterprise Zone program, which uses five-year property tax exemptions to leverage significant private investment that spurs economic activity in the community.
Prosper Portland acquired Centennial Mills in 2000 to enhance the waterfront with public open spaces and facilitate connectivity between the River District, the Willamette River and the Willamette River Greenway.
Alberta Commons, anchored by Natural Grocers, is at a high-traffic corner and will bring new excitement to the neighborhood, offering small, minority-owned businesses the opportunity to participate in the retail mix.
The FBI building investment will generate annual property taxes estimated to grow to more than $900,000 in 2030, and sales proceeds from the transaction support ongoing economic development programs in the URA, including small business loans for business expansions remodeling and new construction.
The November 2015 opening of the Society Hotel on the corner of NW 3rd and Davis marked yet another milestone in the vision for Old Town/Chinatown as a safe, vibrant, economically healthy neighborhood.
The Lloyd EcoDistrict takes a triple-bottom-line approach to improve the district's environmental performance while setting the stage for new economic ventures and increasing equity for district inhabitants.
As a close-in, central city URA, OCC has multiple opportunities for commercial revitalization and community wealth building. It is home to the Lloyd District and the long-awaited Convention Center hotel, the Hyatt Regency Portland.
River District is home to the flourishing Pearl District, Old Town/Chinatown, and the Broadway Corridor, a once-in-a-generation opportunity to demonstrate inclusive, sustainable, memorable and financially successful redevelopment.