A. Based on the findings set forth above, the purpose of this Chapter is to provide a consistent long-term funding source and oversight structure to ensure that the City of Portland’s Climate Action Plan is implemented in a manner that supports social, economic and environmental benefits for all Portlanders, including the development of a diverse and well-trained workforce and contractor pool in the field of clean energy.
B. This Chapter requires large retailers (those with gross revenues nationally exceeding $1 billion, and $500,0000 in Portland) to pay a surcharge of 1 percent on gross revenues from retail sales in Portland, excluding basic groceries, medicines, and health care services, in accordance with Subsection 7.02.500 F.
C. Revenues raised through this business surcharge on Large Retailers will be deposited into a separate fund designated as the “Portland Clean Energy Community Benefits Fund.” The money in this fund will be used to finance programs that meet the following priorities:
1. Clean Energy Projects.
a. Renewable energy and energy efficiency projects, with an emphasis on those that benefit low income individuals and that broaden access to energy efficiency and clean renewable energy infrastructure to low income communities and communities of color;
b. Regenerative agriculture and green infrastructure projects that result in sequestration of greenhouse gases and support sustainable local food production.
2. Clean Energy Jobs Training. Job training, apprenticeship programs, and contractor support initiatives that prioritize skills training and workforce development for economically disadvantaged and traditionally under-employed workers, including communities of color, women, persons with disabilities, and the chronically underemployed.
3. Priority will be given to programs that both reduce greenhouse gases and promote economic, social, and environmental benefits.
D. This Chapter creates a “Portland Clean Energy Community Benefits Committee (“Committee”) made up of experts and communities members to:
1. make funding recommendations to the Mayor and City Council; and
2. evaluate the effectiveness of the Fund in achieving the goals of this Chapter, as set forth in Subsection A.