TL;DR (generated · confidence: high)

Package 23,584 is a recommended $192,688 reduction to Prosper Portland's Inclusive Entrepreneurship program. It eliminates 1.5 external FTE positions that provided business navigation services through PDXSmallBizHub, affecting approximately 300 businesses annually (62% BIPOC-owned). The cut is justified partly by anticipated capacity from the new Office of Small Business, but is expected to reduce advising services to approximately 100 fewer businesses.

Key points (each cites a PDF page):

Package eliminates 1.5 external FTE providing business navigation services via PDXSmallBizHub (p. 735)
Recommended reduction of $192,688 in External Materials and Services funding (p. 735)
PDXSmallBizHub currently serves approximately 300 businesses annually, 62% identifying as BIPOC-owned (p. 735)
Hub was previously funded through ARPA; funding source winding down as of current fiscal year (p. 735)
Prosper Portland reallocated providers from Inclusive Business Resource Network (IBRN) to maintain reduced Hub services (p. 735)
Cut expected to reduce advising services to approximately 100 fewer businesses receiving assistance (p. 735)
Prosper Portland anticipates Office of Small Business liaisons will absorb most affected Hub users (p. 735)

💰 $192,688 · 👥 1.5 FTE · 📋 PDXSmallBizHub · Inclusive Business Resource Network (IBRN) · Inclusive Entrepreneurship · Advance Portland · Office of Small Business · 🏛️ Prosper Portland

23,584

Source: PDF p. 735 · raw: 735

Breadcrumb: 4 ced › Comm-EcDev-DPs › Package Details › 23,584

23,584 - Cut: Inclusive Entrepreneurship Service Area Community & Economic Development DCA Donnie Oliveira Bureau Name Prosper Portland Director Shea Flaherty Betin Funding Type Name Reduction Status: Recommended Package Desc Expense Recommended Total Eliminates 1.5 external FTE providing business navigation services, which would eliminate all External Materials and Services ($192,688) business advising offered via PDXSmallBiz HUB. Over 300 businesses receive assistance each ($192,688) fiscal year, 62% of businesses served identify as BIPOC-owned businesses. This directly impacts the City's economic development strategy, Advance Portland. Revenue Recommended Total Service Impacts General Fund Discretionary ($192,688) PDXSmallBizHub (Hub) supports approximately 300 businesses annually, this number is expected to ($192,688) drop in FY 2024-25. Previously, the Hub was funded through ARPA, but since this funding source is winding down, Prosper Portland has managed to maintain a reduced level of service for the rest of the current fiscal year. This was achieved by reallocating providers from the Inclusive Business Resource Network (IBRN) to the Hub. With the launch of the Office of Small Business and the added capacity it brings, Prosper Portland anticipates that its small business liaisons will be able to support most businesses that would have accessed Hub navigation and resource connections. This $200k ongoing cut to the General Fund effectively lowers service delivery levels across the entire network, resulting in approximately 100 fewer businesses receiving advising and technical assistance. Equity Impacts

Parent: Package Details · PDF: p. 735