Portland announces new office of small business to support local entrepreneurs

Portland's City Council meeting on May 8, 2025, highlighted significant advancements in local economic development, particularly through the efforts of the NEA Family Center and its various programs aimed at supporting small businesses. The council heard from representatives who detailed the success of initiatives that have empowered entrepreneurs in the community, especially those from marginalized backgrounds.

One of the standout achievements discussed was the NEA Family Center's native business accelerator, which has helped 41 out of 43 graduates maintain their businesses, preserving 73 jobs and creating 39 new ones since its launch in 2019. Notable success stories included a food photography business and Javelina Indigenous Dining, which transitioned from pop-ups to a permanent location with the help of financial readiness training provided by the center.

The meeting also underscored the importance of the neighborhood prosperity networks (NPNs) in Cully, which have injected over $1 million into local businesses during the pandemic, ensuring no businesses were lost in the area. These networks offer vital technical assistance, promote hiring events, and help secure grants, enabling businesses to expand and even purchase their own properties.

Steven Green, executive director of Better Portland, emphasized the need for a dedicated office of small business to provide ongoing support and resources for entrepreneurs. He noted that Portland was the largest city in the U.S. without such an office until recently, and the establishment of this office marks a shift from reactive to proactive support for small businesses.

Michael Harrison from Oregon Health and Science University shared a success story related to tax increment financing (TIF), highlighting how past initiatives have revitalized neighborhoods and supported local growth. He expressed optimism about the potential of new TIF districts to further enhance economic development in Portland.

The discussions at the council meeting reflect a commitment to fostering a supportive environment for small and BIPOC businesses, with a clear focus on sustaining and expanding these initiatives for long-term community impact. As the city continues to invest in these programs, the future looks promising for Portland's small business landscape.