The Portland Development Commission is focusing on helping minority-owned businesses and businesses in disadvantaged areas.
The Portland Development Commission is focusing on helping minority-owned businesses and businesses in disadvantaged areas.
In an effort to bolster such businesses, the PDC has released a request for proposals (RFP) as part of its Small Business Development Program (SBDP), an initiative that seeks to attract organizations to provide guidance and technical expertise for business owners and their employees.
The RFP lays out the types of businesses that the SBDP will aim to assist, namely, businesses in “economically challenged areas,” businesses owned by “people of color or people with limited English proficiency,” and businesses owned by “people with modest incomes.” What’s more, the plan specifically targets “priority neighborhoods,” which are areas that are struggling economically, experiencing the negative effects of gentrification and the prevalence of big box stores. The result is a plan that will provide $450,000 of funding for organizations that assist businesses in these areas.
Read more about the Small Business Development Program at Neighborhood Notes.
{biztweet}portland business{/biztweet}
