What Drives Us
Attaining the goal of widely shared prosperity among all residents of Portland requires our deliberate and equal focus on four key areas:
Our programs provide Portland companies with access to new markets, technical assistance, and loans so they can grow and hire. We also connect Portlanders with better access to job training and job opportunities and support companies in a range of high-growth sectors that create quality jobs.
Widely shared prosperity
We support small and growing businesses led by diverse entrepreneurs to thrive in innovative sectors and on main streets. We prioritize property ownership and real estate projects within communities of color and in low-income neighborhoods to create assets that can be passed on from one generation to the next.
Collaboration with our partners for an equitable economy
Collaboration with community-based organizations, the private sector and other public entities is central to the success of our job-creation, place-making and economic opportunity work across Portland. These partnerships ensure that the gains from economic growth and development benefit all communities, especially communities of color and those historically underserved.
Vibrant neighborhoods and communities
Our work strengthens Portland’s unique communities by building and increasing access to healthy, complete neighborhoods—those with essential goods and services, connected to jobs, with transportation options and access to open spaces—throughout the city. We also support innovative civic solutions that promote mixed-income neighborhoods with both affordable and workforce housing, and that evolve in ways that honor cultural diversity.
To achieve these goals, we are committed to continual evolution as an agency of change, and operating in an equitable, innovative, and financially sustainable way. Accordingly, we have adopted the Financial Sustainability Plan, a framework to guide the agency’s financial and business practices from 2018 through 2027 in support of its strategic priorities. The Plan proposes a new, multipronged approach that could fund an annual operating budget of $30 million. Implemented in phases over the next ten years, the approach allows Prosper Portland to replace the amount of existing TIF resources used to support operations that otherwise will diminish as existing URAs expire. Furthermore, these more flexible resources are better suited to help Portland’s diverse businesses and residents thrive.