Opportunities for prosperity Lisa Norwood
Advancing opportunities for prosperity
We support property ownership and real estate projects that build wealth in communities of color and historically underserved neighborhoods. We focus on growing small and promising businesses, including minority and women-owned businesses and those in low-income communities.
Portland’s growing ethnic and racial diversity can and should be a competitive advantage in a globally connected economy; making our economy more inclusive is not just good social policy, but vital to the long-term economic success of our communities. This is the foundation for Prosper Portland’s goal to Foster Wealth Creation within Communities of Color and Low-Income Neighborhoods.
Prosper Portland supports the growth of innovative startups and scalable, fast growing companies in Portland. Recognizing that companies that start and grow in Portland are key drivers of the city’s economic and job growth, we seek out pioneering ways to foster the next generation of successful Portland companies and lead innovation for decades to come. A priority of this work is to improve access to startup and small business resources – capital, mentorship, and networking – for under-represented populations, particularly women, communities of color, and entrepreneurs from low-income neighborhoods.
Prosper Portland is dedicated to increasing the diversity of high-growth firms, improving the success rate and growth trajectory or local small businesses, increasing opportunities for property ownership among underserved populations, and ensuring that our construction and redevelopment projects support the growth of minority-owned firms.
Inclusive Innovation & Entrepreneurship Ecosystem – Portland is nationally recognized as a leader in supporting and cultivating high-growth entrepreneurs from under-represented populations.
Business Growth – Thriving businesses provide wealth creation opportunities for Portlanders of color and within or adjacent to low-income neighborhoods.
Property Owner Development – Commercial and residential property ownership provides wealth creation opportunities for Portlanders of color and within low-income neighborhoods.
Equitable Construction & Contracting – Prosper Portland’s construction and contracting business practices support equitable wealth-creation outcomes from projects and programs.
Projects & Programs
These are just some of our projects and programs that help advance opportunities for prosperity:
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 Ten Y, 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.
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.
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.