January 23, 2008

Popular Storefront Program Receives Additional Funding

Matching Grants for Storefront Improvements are Available in New Areas of the City

The Portland Development Commission’s Storefront Improvement Program is now available in targeted neighborhoods citywide, thanks to a new allocation of $550,000 from the city’s General Fund for fiscal year 2007-08.  In the recent past most PDC storefront funding was limited to urban renewal areas only.

The selected areas now eligible for funding are primarily business districts which have not received help in the past through the program, but where the need is clear for exterior improvements. The Parkrose neighborhood is eligible for the first time, along with specific blocks in Lents and north and northeast Portland. 

“This new Storefront funding allows us to extend the reach for a very successful PDC program,” said Bruce Warner, PDC Executive Director. “We can have a big impact with limited funds and make a real difference for small business owners and business neighborhoods beyond the central city core.”

Funding is first come, first served for businesses in the designated areas.  Program guidelines and application information are available at www.pdc.us/storefront or by calling 503-823-3312.

The Storefront Improvement Program provides matching cash grants and design assistance to businesses and property owners in eligible neighborhoods.  The funds are targeted for exterior improvements ranging from repainting to new windows, lighting and signage.  The improvements help businesses attract customers, create a safer street environment for the community and enhance the appearance of neighborhood commercial areas.

Over the years, response from the business community has been tremendous and the program is one of the most popular offered by PDC.  In fiscal year 06-07, PDC provided a total of $1.4 million in storefront funding to 135 businesses.

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