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Small Business Stabilization Restore Grant Opens!

Contact: RestoreGrants@prosperportland.us

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

Prosper Portland will administer American Rescue Plan Act funds as one-time direct grants to help stabilize small businesses by addressing operational expenses for businesses within certain districts in the city.

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.

If you have any questions about eligibility or the Restore Grant Program, please contact us as RestoreGrants@prosperportland.us.

Important Dates

First Round Process

Mon, June 12, 2023 at 3pm
Informational Session via Zoom

Fri, June 16, 2023
Applications open

Mon, June 26, 2023
Applications close

Mon, July 10, 2023
Recipients notified

After you receive notification, you will be given 10 days to complete the documentation requirements. Funds will be released within 10 working days from requirement completion.

There will be five grant rounds for the Small Business Stabilization Restore Grant program:

  1. Jun 16, 2023

  2. Aug 1, 2023

  3. Oct 1, 2023

  4. Dec 1, 2023

  5. Feb 1, 2024