Prosper Portland, formerly the Portland Development Commission (PDC), is the community development corporation created by the city of Portland, Oregon. It promotes development, housing projects and economic development within the city's eleven urban renewal districts.
As of 2025, Prosper Portland is overseen by the city’s Community & Economic Development service area, led by Deputy City Administrator for Community and Economic Development Donnie Oliveira.[4][5]
In February 2025, Prosper Portland issued a loan that did not meet its own risk guidelines to a startup athletic wear company called Made in Old Town. Applications by Made in Old Town for additional funding were denied by Oregon regional government Portland Metro and the Clean Energy Fund.[6]
History
In May 2017, the Portland City Council voted to change PDC's name to Prosper Portland.[7]
It has controversially sought to establish measurable standards for workplace diversity among its contractors.[8]
References
- ^ "City Organization". portland.gov. Archived from the original on 2025-02-18. Retrieved 2025-02-27.
- ^ "City Leadership Team". Portland.gov. Archived from the original on 2025-02-24. Retrieved 2025-02-27.
- ^ "About us". prosperportland.us. Retrieved February 28, 2025.
- ^ "City Organization". portland.gov. Archived from the original on 2025-02-18. Retrieved 2025-02-27.
- ^ "City Leadership Team". Portland.gov. Archived from the original on 2025-02-24. Retrieved 2025-02-27.
- ^ "A $7 Million Loan From Prosper Portland to an Athletic Wear Campus in Old Town Flouts the Agency's Risk Guidelines". wweek.com. Archived from the original on 2025-03-02. Retrieved 2025-03-02.
- ^ Redden, Jim (May 10, 2017). "PDC changes name to Prosper Portland". Business Tribune. Portland, Oregon. Retrieved 2017-05-25.
- ^ Tucker, Libby (2008-06-04). "Portland Development Commission Could Extend South Waterfront Contract to All Future Projects". Daily Journal of Commerce (Portland, OR) via Black Enterprise. Archived from the original on 2006-06-23. Retrieved 2008-06-10.
- Frank, Ryan (May 15, 2008). "Foes suggest Portland Development Commission plan is illegal. Real estate interests threaten a plan to spend $50 million in Pearl revenues on urban projects outside the district". The Oregonian. Retrieved 2008-06-10.
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