(Jan. 22, 2013) — Creating new jobs, new businesses, and newly-trained workers is the goal of a three-year, $380,000 grant to the Portland Development Commission. Funding will support the Neighborhood Prosperity Initiative, a partnership between the city of Portland, Ore., nonprofit organizations, residents, and private business to forge economic development in six low-income commercial districts and to connect people to jobs. This is among $2.7 million in interrelated grants the Northwest Area Foundation announced in the fourth quarter of 2012 to reduce poverty and build prosperity.
“We believe that increasing personal assets and wealth offers the brightest hope for people who are trying to move from poverty to financial stability,” said Kevin Walker, president and CEO of the Northwest Area Foundation. “One of the most effective ways to do that is by creating new business with jobs that generate living wages. Our grants will also support financial education and job training so low-income workers can build a solid future.”
The Foundation also granted $222,400 over two years to the Three Affiliated Tribes – Mandan, Hidatsa and the Arikara Nation of New Town, N.D. The money will support a major visioning and strategic planning process aimed at rebuilding the Tribal government and its economic structure in order to foster self governance. That Tribal Nation is located on oil rich lands. Planning will support long-term economic development by managing wealth that could come from the precious natural resources.
Additional grants to build assets and wealth include:
Grants to improve public policy include:
Grants for rural development include:
Grants to build leadership for reducing poverty include:
For a full list of the 24 grants the Northwest Area Foundation announced in the fourth quarter, visit www.nwaf.org/content/fourthqgrants12.
The Northwest Area Foundation is dedicated to supporting efforts by the people, organizations and communities to reduce poverty and achieve sustainable prosperity. The Foundation’s region includes the eight states of Minnesota, Iowa, North Dakota, South Dakota, Montana, Idaho, Washington and Oregon and more than 70 sovereign Tribal Nations that share the same geography. The Great Northern Railway, founded by James J. Hill, operated in this area. Hill’s son, Louis W. Hill, established the Foundation in 1934. For more information, please visit www.nwaf.org.