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
We Grow KC investment summit aims to harness opportunity zones to empower neighborhood social fabric
Investment is a two-way street that can have a positive impact on both investors and community residents, said Dianne Cleaver. A new gathering — the June 26-27 We Grow KC Opportunity Zones Investor Summit — aims to bridge the potential divide between such neighbors with the back of Cleaver’s Urban Neighborhoods Initiative, the Ewing Marion…
USDA moving two key agencies to KC, expected to bring 568 new jobs to the animal health corridor
Corporate and government leaders agree: Kansas City is positioned at the hub of innovation in the animal health space, they said Thursday, announcing the metro has been chosen as the new home of two federal agencies. “Kansas City is a city with a small town feel, which makes it a great place to build a…
Bellwethr grows $2.5M in seed funding, building two-city talent base between KC, Manhattan
A $2.5 million seed funding round will infuse Bellwethr with more than cash, said Matt Moody. “We’ve been able to find some high quality talent and the big thing now is to apply that, build out the product more and start selling even faster,” Moody, founder and CEO, said of Bellwethr’s alignment for rapid growth.…
Local Legends unplugs Westport eSports gaming center; founder vows his vision won’t be reduced by May shooting
The doors at 3933 Main St. are locked tight, but the startup journey once housed inside them is far from over, teased AbdulRasheed Yahaya. “Local Legends isn’t going anywhere … unless we’re talking about the video game truck. That’s going everywhere,” said Yahaya, owner of Local Legends Gaming — an eSports and gaming business that…