small business assistance
TAKING OWNERSHIP'S MISSION TO DETER GENTRIFICATION DOESN'T END WITH BLACK HOMEOWNERS.
Predatory real estate practices have displaced Black small business owners from their communities and their customers.
Taking Ownership PDX, in partnership with DevNW, can provide up to $10,000 to Black-owned small businesses who need financial assistance. This money can be used for:
paying overhead costs to help them stay in their place of business,
and/or purchasing supplies, services, and materials to grow a business.
Program overview & how to applypr
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.