Economic Opportunity Initiatives
Source: PDF pp. 341-342 ↗ · raw: 341 · 342
Breadcrumb: Service Area Summaries > Community & Economic Development > Portland Housing Bureau > Economic Opportunity Initiatives
City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development > Portland Housing Bureau > Economic Opportunity Initiatives Economic Opportunity Initiatives Budget Revenues by Fund 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Revenues $2,259,023 $2,180,932 $2,169,719 $2,137,173 Community Development Block $2,259,023 $2,180,932 $2,169,719 $2,137,173 Grant Fund Grand Total $2,259,023 $2,180,932 $2,169,719 $2,137,173 Program Expenses by Major Object Program expenses only include personnel, internal materials and services, external materials and services, and capital. 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Materials and $2,255,523 $2,180,932 $2,169,719 $2,137,173 Services Grand Total $2,255,523 $2,180,932 $2,169,719 $2,137,173 Program Description and Goals The Portland Housing Bureau funds the Economic Opportunity Initiative (EOI), a citywide program focused on increasing income and economic self-sufficiency for very low-income residents through workforce and microenterprise development. Prosper Portland administers the microenterprise component of the program and contracts with community-based organizations to provide services. WorkSystems administers the adult and youth workforce components and contracts with community-based organizations to provide employment services. This program is a component of two larger Prosper Portland initiatives, explained in the Prosper Portland Program Offers “Inclusive Business Resource Network “and “Adult and Youth Workforce Development.” It is funded with Community Development Block Grant funds from HUD. The performance measures for this program are reported in the Prosper Portland budget. Services 341
City of Portland Fiscal Year 2026-27 Proposed Budget Workforce Development: Career planning/exploration; case management; job search support; job placement; retention support; training connections; program outreach; post-secondary education placement; resume review/development; interview coaching; support services; paid participant wages; job training Microenterprise Development: Business advising, business plan development, strategic growth planning, access to professional services, business financial planning, market research and analysis, industry-specific advising, capital access coaching, business foundations and regulations, bookkeeping management strategies? Equity Impacts The EOI program supports the Housing Bureau's mission of addressing the housing needs of the people of Portland by reaching out to low-income Portlanders, including Portlanders of color, to ensure their participation in the economic opportunities that quality housing investments create. EOI partners include culturally-specific and culturally responsive agencies that outreach to Portlanders, including communities of color, immigrants and refugees, and low-income participants. Additionally, the workforce program prioritizes support to those with high barriers to employment. Success in this program would result in participants' businesses and employment becoming stable and sustainable, providing benefits and services to the greater community.? Changes to Program No changes to the program. 342
Parent: Portland Housing Bureau · PDF: pp. 341-342 ↗