ACT Grant Webinar

Join Prosper Portland staff for an introduction to the new Affordable Commercial Tenanting (ACT) Grant. Learn about eligibility requirements, use of funds and how to apply for a grant. A Q&A session will follow the webinar.

Currently, this grant is limited to properties located in the Interstate Corridor TIF District. The program may be expanded to other areas of the city in the future.

The Affordable Commercial Tenanting (ACT) Grant provides funding to property owners and small business owners who are in the process of negotiating a lease. The program is intended to facilitate access to commercial space and support inclusive business growth. Grant funds may be used for tenant improvements, space-related soft costs, and permitting support to ready space to open for business. Technical assistance may also be available for business support.

Prosper Portland will provide funds for real property improvements in ground floor commercial properties, and opportunities for local business owners to connect to technical assistance to foster business growth and wealth creation. Grant awards will take into account the rent discount the property owner provides and tenant improvement subsidy needed. Awards will not exceed $300,000.