small business assistance
TAKING OWNERSHIP'S MISSION TO DETER GENTRIFICATION DOESN'T END WITH BLACK HOMEOWNERS.
Taking Ownership’s Small Business Assistance program empowers Black-owned businesses with funding to offset overhead costs and invest in the supplies, services, and materials needed for growth. In partnership with DevNW’s Individual Development Account (IDA) program, selected participants have the opportunity to grow their startup capital upon successful completion.
The program includes onboarding, business development classes, and proof of essential business documentation—equipping entrepreneurs with the tools and resources needed to build and sustain their ventures.
Program overview & how to apply
Complete our onboarding form below and we’ll make an introduction with with DevNW Individual Development Account (IDA) coordinator.
1
Take a business class through DevNW. There you’ll create a business plan and create a profit/loss statement.
2
Open an IDA account and invoice Taking Ownership PDX for $1,200.
3
Complete the rest of the program and receive DevNW 5:1 matching funds.
4
required documents
Business registration statement in Multnomah, Clackamas or Washington county that confirms that you own the business, either in whole or in part.
1
Must be a For-Profit business that has been operating for 1 calendar year.
2
A vendor invoice.
3
An IRS W-9 Form.
4
A tax statement that shows:
Less than $300,000 in gross earnings per year,
Less than $50,000 in profit per owner, per year,
Fewer than 10 employees on payroll.