Small Business Stabilization Restore Grant Program (US)

Deadline: 11 August 2023

The Small Business Stabilization Restore Grant Program supports Portland small businesses experiencing hardships resulting from the COVID-19 pandemic.

Priorities

Prosper Portland is committed to making racial equity the foundation of the community and economic development work. They embrace values of authentic inclusion, transparency, and collaboration, and they are directing this grant toward meeting the needs of underserved and underrepresented Portland communities and neighborhoods.
Prosper Portland invites candidates to include aspects of your identities such as racial diversity, abilities, language, culture, sexual orientation, gender etc. as you feel safe to share.

Funding Information

The Restore Grant Program can provide up to $25,000 to eligible small businesses to reimburse for eligible expenses related to damages and vandalism that occurred since January 2022.

Eligible Expenses

Restore Grant funds can be issued for the following expenses:

Security and prevention
Insurance premium increases due to losses, claims
Back rent
The Restore Grant can only cover back rent with a signed agreement from the landlord that offsets rent due to the COVID-19 pandemic.
Interior repairs due to vandalism or break-ins
Inventory loss or equipment replacement costs due to break-ins (up to $5,000)

Eligible Businesses

To be eligible, the applicant must be a person or entity that operates a small business with a bricks & mortar presence which maintains consistent hours of operation. Further, the following business criteria apply:

Be located along commercial corridors of 82nd Avenue, East Portland (I.e., east of I-205), N/NE Portland, Central City, or Inner Westside Portland.
Have been in business prior to March 2020 when COVID was declared a pandemic.
Employ 3 or more employees.
Had 2019 Annual Gross Revenue up to $3M.

Ineligible Expenses

The Restore Grant is intended to be a companion to the Repair Grant which provides funding to small businesses for physical repairs of damage to the exterior of their ground floor storefront as a result of vandalism. Any eligible expenses under the Repair Grant will be considered ineligible for this program: