KCMO adds $350K for entrepreneurs to proposed city budget after advocates’ last-minute push
March 21, 2019 | Austin Barnes
Kansas City entrepreneur advocates gained more momentum Thursday in their bid to receive greater civic support for startups and small businesses.
“Entrepreneurs and small businesses are the driver of the Kansas City economy,” KCMO councilman and Mayor Pro Tem Scott Wagner told Startland Thursday afternoon, following the approval of the city’s $1.73 billion budget.
An additional $350,000 has been allocated to the Urban Business Growth initiative and for general entrepreneurial support.
“This item [is a result of advocacy from] the entrepreneurship community,” added Scott Huizenga, city budget officer, during Thursday’s city council meeting. “They came out in force at our public hearings.”
Kansas City city hall
More than 50 entrepreneurs and startup founders gathered for a public budget hearing earlier this month, calling on the council to better support entrepreneurial endeavors, given the economic impact they bring to the city, Eze Redwood, Rise Fast founder and startup community organizer, said at the time.
Click here to read more about Redwood’s comments to council members.
“I’m pleased that we have been able to place more money in the city’s budget to build capacity and the ecosystem to support [startup] development,” Wagner said Thursday.
Small business owners, startup founders, and advocates of the entrepreneurial ecosystem once again gathered Thursday in support of the amendment to the proposed budget –– which was ultimately approved with no hesitation from council members during the afternoons public meeting.
Now approved, the funds will be combined with $200,000 already set aside for entrepreneurial support, Huizenga said.
Funds could be used to support or inject resources, such as support or training opportunities, into the startup and small business space –– as deemed appropriate by the assistant city manager.
“This is one of the top priorities that came out of our public hearings this year,” Huizenga added.
The KCMO budget year runs May 1 through April 30.
Click here to view details of the budget.
2019 Startups to Watch
stats here
Related Posts on Startland News
Got ideas for real-world events? Global Entrepreneurship Week accepting 2019 submissions
A weeklong event elevating the doers, dreamers and makers at the heartbeat of Kansas City small business needs the community’s help, Jenny Miller said. Organizers of Global Entrepreneurship Week — set for Nov. 18-22 in Kansas City — are now accepting event submissions for this year’s celebration, said Miller, network builder at KCSourceLink and chair of…
KCMO advancing its smart city action plan with focus on digital equity in urban tech
Kansas City is one step closer to being a fully connected hub for urban tech, as local decision makers craft a smart city action plan. “That document will be what guides all of our future investments in technology,” explained Chris Hernandez, KCMO communications director. The action plan comes a year after the city issued a…
Why are college students dropping out? EdSights targets higher ed retention rates
Only 56 percent of students who began college in 2012 actually graduated within the next six years, said startup founders Claudia Recchi and Carolina Recchi. The sisters’ own struggles as first-generation U.S. college students reinforced the challenge posed by such statistics, they said, prompting them to found EdSights, a startup using artificial intelligence to collect…
Friendmedia moving San Fran HQ to Kansas City; planning $1.5M funding round for hiring
San Francisco-based tech firm Friendmedia is expected to relocate its headquarters to Kansas City in 2020 amidst $1.5 million funding round, said Nick Magruder. “Our goal is to take advantage of all the great things that Kansas City brings to the table with all the great people, the low cost of living and everything that…