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Neighborhood Business Development

Source: PDF pp. 396-397 ↗ · raw: 396 · 397

Breadcrumb: Service Area Summaries > Community & Economic Development > Prosper Portland > Neighborhood Business Development

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development > Prosper Portland > Community Based District Support Community Based District Support Budget Revenues by Fund 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed Internal Revenues $1,272,528 $1,621,608 $1,952,530 $1,365,629 General Fund $1,272,528 $1,621,608 $1,952,530 $1,365,629 Grand Total $1,272,528 $1,621,608 $1,952,530 $1,365,629 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 $874,531 $1,152,633 $1,952,530 $1,365,629 Services Grand Total $874,531 $1,152,633 $1,952,530 $1,365,629 Program Description and Goals Prosper Portland supports community-based economic stabilization and growth through two key initiatives: the Neighborhood Prosperity Network (NPN) and the Business District Support Program. The NPN is a place-based initiative focused on equity-driven, community-led economic development in historically underserved neighborhoods. Through grants, training, and support, Prosper Portland partners with six community-based organizations located in Northeast and East Portland to support small business growth and employment, enhance community health and safety, and build long-term community capacity. These partnerships have delivered direct business assistance, created employment opportunities, and invested in physical improvements that stabilize and revitalize commercial corridors. The Business District Support Program expands Prosper Portland's reach citywide by offering the Vibrant Districts Grant, a competitive annual funding opportunity, along with a training series focused on nonprofit and business district management, and technical assistance. This program reflects a broader commitment to strengthening the organizational capacity of business districts —supporting their ability to manage operations, implement district-wide initiatives, promote local commerce, and lead efforts that reflect the unique character and needs of the communities. 396

City of Portland Fiscal Year 2026-27 Proposed Budget Services Services include nonprofit support; grant administration; self-service tools; contact list management; training coordination; and resource referrals. Equity Impacts The Neighborhood Prosperity Network (NPN) and the Business District Support Program are components of the City's economic development strategy, Advance Portland. Together, these programs help ensure that communities have equitable access to economic investment, resources and support for their business districts. To guide grant program decision making, one tool Prosper Portland will use is a commercial corridor analysis to assess investment needs and opportunities. This data-informed approach helps ensure fair distribution of resources across business districts and supports community stability. Changes to Program This fiscal year, the program will reallocate more of its budget to directly support Business Districts, enabling it to expand its reach and serve a greater number of communities. Training offerings and format will remain adaptive and participant-informed, ensuring they are relevant, practical, and effective. In addition, Prosper Portland will deepen its collaboration with the Portland Bureau of Transportation's (PBOT) Plaza Program and the City's Enhanced Services District (ESD) Program. By aligning strategies and coordinating resources, these partnerships aim to broaden access to services and maximize the impact of investments across public spaces and commercial corridors. Resources

  • General Fund: Prosper Portland's ongoing portion of General Fund is projected at a similar level as FY 2025-26. If the current service level add package is not approved then 3% of the budget will be cut and staff capacity will decrease, impacting program implementation, partner support, and outcome tracking.
  • Enterprise Zone: Funds are meant to support programs during recessions and when there is insufficient funding from the City General Fund. Enterprise Zone resources are one-time in nature and are depleted as expenses significantly outpace new revenue in the current economic climate. 397

Parent: Prosper Portland · PDF: pp. 396-397 ↗