Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PDC approves 10 job-creation grants to local businesses, tightens eligibility and reimbursement rules
Summary
The PDC voted to award ten $10,000 job-creation grants to Portland businesses under a program requiring job creation (or conversion) within nine months, reimbursement of eligible costs on a 50/50 match basis, and outreach to low/moderate-income tracts.
The Portland Development Corporation approved awards to 10 small businesses under its job-creation grant program and described stricter process safeguards after staff identified attempted fraudulent applications.
Nancy (PDC staff) reviewed the program design: grants available in $10,000 increments (applicants could request $10,000 or $20,000) and required the creation of one full-time job or two part-time jobs per $10,000 requested. Eligibility requires the business to operate in Portland within or adjacent to a qualifying low-income tract (as determined by the Community Development Block Grant…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
