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Economic Opportunity Initiative: Strategies for Poverty Alleviation in Portland

The City of Portland's Economic Opportunity Initiative aims to uplift low-income residents by increasing their incomes and assets by at least 25% within three years. Key strategies include developing a portfolio of best practice programs, offering extensive support and training, and leveraging existing projects. With 30 active initiatives spanning adult and youth workforce development and microenterprise support, the initiative addresses poverty through community-driven strategies and comprehensive workforce development, contributing to significant income gains and business revenue increases.

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Economic Opportunity Initiative: Strategies for Poverty Alleviation in Portland

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  1. Economic Opportunity Initiative City of Portland Bureau of Housing & Community Development Poverty Alleviation: Wealth Creation Strategies Community Development Policy Summit June 23, 2006

  2. Initiative Overview • Goal: Increase the incomes and assets of low income Portland residents by a minimum of 25% within 3 years. • Strategy: • Build a portfolio of best practice modeled programs; • provide support, tools, training and evaluation, and • leverage the system of projects. • Current Portfolio: 30 projects. • 12 adult workforce, 8 youth workforce, 9 microenterprise

  3. How we got here ... • Two factors led BHCD to transition from revitalization to income generation as a poverty reduction strategy. • Changes in community. • Strategic planning process. • BHCD researched local & national best practices related to poverty reduction.

  4. Workforce development:• population or sector specific program • comprehensive support services • early employer involvement • peer support • long-term program relationship Microenterprise development:• all Workforce elements • participant capacity assessment • business training • credit repair • business supports• multiple financial tools Poverty Reduction Best Practices

  5. Local HUD BHCD Participant Contract Management Best Practices • Historical commitment to community directed development • Recognition of contractors as allies • Relationship-based Community Based Organization

  6. $2.4 million Federal CDBG $1.2 million City General Fund $1 million from Northwest Area Foundation for 3 years $100,000 annually from United Way Financial Investments

  7. State & Federal IDAs TANF extensions for workforce participants Some WIA-funded ITA resources Legal Clinic & Technology Support for Microenterprises Health benefits for uninsured participants & families. System Leverage

  8. Currently 1120 participants, project over 2000 by July 2007 291 microenterprises 829 workers on the job or in training Current Portfolio

  9. Initial Results: Microenterprise

  10. Initial Results: Workforce

  11. Return on Investment • Average cost per participant: • $5,500 in Year 1 • $1,000 in Year 2 • $1,000 in Year 3 • Year 1 income gains averaged for workforce participants $12,800 • Average business revenue gains, $32,000.

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