Small Business Stabilization Restore Grant

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 the city. The Restore Grant Program can provide up to $25,000 in reimbursements to eligible small businesses or nonprofits for eligible expenses related to security, prevention, specific operational expenses, damages, and vandalism that occurred since January 2022. To be eligible, the applicant must be a person or entity that operates a small business or nonprofit with a bricks & mortar presence or food trucks which maintain consistent hours of operation within the city of Portland. The business must have a customer storefront and not be placed on a residential lot. Further, the following business criteria apply: -Be located within Portland city limits. -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.