Prosper Portland, formerly the Portland Development Commission (PDC), is the
community development corporation
A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDCs usually serve a geographic location su ...
created by the city of
Portland, Oregon
Portland ( ) is the List of cities in Oregon, most populous city in the U.S. state of Oregon, located in the Pacific Northwest region. Situated close to northwest Oregon at the confluence of the Willamette River, Willamette and Columbia River, ...
. It promotes development, housing projects and economic development within the city's eleven
urban renewal
Urban renewal (sometimes called urban regeneration in the United Kingdom and urban redevelopment in the United States) is a program of land redevelopment often used to address real or perceived urban decay. Urban renewal involves the clearing ...
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.
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.
History
In May 2017, the Portland City Council voted to change PDC's name to Prosper Portland.
It has controversially sought to establish measurable standards for workplace diversity among its contractors.
References
*
External links
*
*https://www.portland.gov/service-areas/community-and-economic-development
Government of Portland, Oregon
Organizations based in Portland, Oregon
{{Oregon-org-stub