Reimagine Oregon Economic Opportunity Investment Fund Grant

Reimagine Oregon Economic Opportunity Investment Fund Grant

Status: ACTIVE
Funder: Prosper Portland
Amount: US $5,000 - US $300,000
Last Updated: March 28, 2026

Summary

The Reimagine Oregon Economic Opportunity Investment Fund Grant, launched by Prosper Portland, aims to support neighborhood small businesses, particularly those owned by women and minorities. This initiative addresses the economic disparities caused by cannabis prohibition by providing flexible funding to for-profit and non-profit organizations in Portland. The grant encourages innovative proposals for business growth, capital access, and community resilience, ultimately promoting wealth creation in historically marginalized communities affected by systematic racism.

Overview

Prosper Portland is proud to announce the launch of the Reimagine Oregon Economic Opportunity Investment Fund in accordance with City Code allowing funding “support for neighborhood small businesses, especially women-owned and minority-owned businesses, including but not limited to business incubator programs, management training and job training opportunities, providing economic opportunity and education to communities disproportionately impacted by cannabis prohibition.” Reimagine Oregon Economic Opportunity Investment Fund Grant Focused on economic and business development for those disproportionately affected by the cannabis prohibition, this fund offers grants to both for-profit and nonprofit entities, as well as social service organizations with a 501(c)3 as a fiscal sponsor, that operate within the City of Portland. Fund use is flexible to allow for innovative proposals for growth and capacity-building initiatives which may include: Ensuring that economic opportunities and capital are made increasingly available. Reconstructing and revitalizing the Portland economy. Supporting entrepreneurs with scaling their businesses. Creating multi-generational wealth opportunities. Meeting business needs for capital and growth. Expanding assistance to and resilience of businesses in need of economic support. Increasing access to business and property ownership, real estate, financing, and partnerships with a focus on growing wealth more equitably via inclusive networks. Program Context & History Reimagine Oregon began as an initiative created by Black-led organizations and individuals working to dismantle systematic racism in Oregon. Community leadership created a movement that resulted in the launch of the Reimagine Oregon Economic Opportunity Investment Fund at Prosper Portland. This grant program aligns with the Advance Portland strategic vision to foster wealth creation within underserved communities by creating access to economic opportunity for business development and growth. The goal of both the initiative and the investment fund is to provide economic opportunities to communities disproportionately impacted by cannabis prohibition. The effects of Cannabis Prohibition involved communities that faced disproportionately higher levels of criminalization related to cannabis, resulting in multi-generational economic and social impacts. Cannabis was legalized in Oregon on July 1, 2015 under Measure 91.

Eligibility

You can learn more about this opportunity by visiting the funder's website.