The Forge:Food program is aimed at entrepreneurs who already have a working concept or product to sell and are hoping to scale.
The developers of the planned 21-story apartment tower landed a $71.75 million construction loan.
The development giant purchased land in Old Town Chinatown for $2.6 million.
The Portland conservation group plans to renovate the building for a food-focused industrial use.
Portland General Electric agreed to reduce its requested rate hike to 1%.