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
Teach for America KC celebrating 10 years building entrepreneurs to fight education inequity
Dividends from Teach for America KC swelled Rachel Foster’s development as a teacher and community member invested in Kansas City, the leader in innovation-driven education said. “I owe everything, it feels like, to Teach for America,” said Foster, Young Entrepreneurial Spirit program leader at Lee A. Tolbert Community Academy. “The fruits keep coming in for…
Target Hill Capital defusing risk on startups between friends and family, seed funding stages
An opportunity to deliver exponential impact in a community committed to entrepreneurship has resulted in the launch of Target Hill Capital –– an outside-the-box venture capital fund, Marshall Dougherty said. “When we were involved [with previous startups], we compared notes and surveyed the startup ecosystem in Kansas City,” Dougherty said of the events that led…
Lenexa-based Aloe soothes health insurance enrollment pains with human touch
A patient’s “wow” moment shouldn’t be when he or she opens a medical bill and discovers procedures that unexpectedly aren’t covered by insurance, said Andrew Belt, co-founder of Aloe. “People are frustrated — frustrated because they don’t understand how their coverage works or what’s included, and it doesn’t seem like anyone they talk to understands,”…
LendingStandard plans innovation upgrade with $2.5M investment from Flyover Capital
An investment in innovation has landed Kansas City-based LendingStandard $2.5 million in investment funds following the close of a Series A funding round led by Flyover Capital, CEO Andy Kallenbach said. “These are folks that are well-known in Kansas City and have had software businesses in the past, and that’s a really rare combination,” Kallenbach…