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Reimagine Oregon Grant
Prosper Portland
ABOUT THE GRANT
The Reimagine Oregon Economic Opportunity Investment Fund Grant provides Portland based for-profit businesses, nonprofits, and social service organizations with flexible grant funding ranging from $5,000 to $300,000 for standard projects, or $50,000 to $700,000 for large-scale anchor projects. Administered by Prosper Portland and funded through Recreational Cannabis Tax revenue, the program is focused on supporting economic and business development for communities disproportionately impacted by the historical prohibition of cannabis.
Funding is awarded through two tracks. Track 1 supports for-profit businesses with grants designed to strengthen and grow existing operations, scale new businesses, and promote entrepreneurship, job creation, and economic growth across Portland. Track 2 supports nonprofit organizations and those operating under a fiscal sponsor with grants focused on building community wealth, promoting economic empowerment, and supporting social enterprises. Each track includes both standard grants and anchor project grants, with anchor projects supporting larger initiatives that act as catalysts for economic growth and community development.
Eligible uses of funds are intentionally broad and include strategic investment capital, infrastructure development, business incubators and innovation centers, community-owned business support, job creation and training programs, mixed-use community hubs, employment opportunities, housing development, and property acquisition. To qualify, applicants must be located within the City of Portland, fit one of the eligible organization types (for-profit, nonprofit, or social service org with a 501(c)(3) fiscal sponsor), and demonstrate how their proposal relates to and benefits communities disproportionately affected by cannabis prohibition. Direct political advocacy, personal use, and prior Reimagine Oregon grant recipients are not eligible.
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NOTES
The next round of this grant is schedule to open in Summer 2027 but a precise date has not been confirmed yet.
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