$100K in microgrants awarded across 23 struggling, but resilient minority businesses

September 2, 2020  |  Startland News Staff

AbdulRasheed Yahaya, Local Legends Gaming; Lisa Ragan, Safely Delicious; and Shelley Cooper, Diversity Telehealth

Editor’s note: The Ewing Marion Kauffman Foundation is a financial sponsor of Startland News. This report was produced independently by Startland News’ nonprofit newsroom.

A COVID-era resiliency fund that quickly closed applications after receiving a deluge of response from entrepreneurs in need has awarded microgrants to 23 minority businesses on both sides of the state line.

“With many of the federal small business aid programs not reaching our entrepreneurs of color, this was a unique opportunity to create equity,” said Davin Gordon, senior business development officer for AltCap and a member of the evaluation committee for the Kansas City Minority Business Resiliency Grant. “It’s not everyday you get the chance to give away $100,000 in small business grants. The selection process wasn’t easy, and we look forward to the impact these grants will have for the selected businesses.”

All recipients were entrepreneurs of color, according to organizers of the effort, and more than 60 percent of the grant awardees were women.

The fund, supported by the Ewing Marion Kauffman Foundation and administered by the UMKC Innovation Center and partnering financial institutions, was created to help business owners who haven’t been able to access disaster financing and relief funding at the same rate as others during the COVID-19 pandemic.

Click here to read more about the grant program’s launch.

All businesses awarded a microgrant are majority owned by racial/ethnic minority entrepreneurs, are located in the Kansas City Metropolitan Statistical Area, have proof of sales in 2019 that didn’t exceed $250,000 and have been negatively impacted by COVID-19.

The 100-applicant threshold was met in just two hours after applications opened Aug. 17, illustrating the immense need of a grant fund such as this, which does not require recipients to repay any of the financing they receive through this opportunity. Recipients could request between $500 and $5,000.

Click here to learn more about the immediate response to the Kansas City Minority Business Resiliency Grant.

Of the 23 businesses receiving funding through this grant, 20 received the full amount they requested, according to the UMKC Innovation Center. An additional three businesses received funding with remaining funds.

Entrepreneurs and businesses supported through the fund’s grant rollout include:

Missouri

Kansas

Click here to explore KCSourceLink’s COVID-19 resources.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

2020 Startups to Watch

    stats here

    Related Posts on Startland News

    This startup comes with baggage: How one entrepreneur zipped away a classic travel pain

    By Tommy Felts | December 10, 2024

    Editor’s note: The following story was produced through a paid partnership with MOSourceLink, which boasts a mission to help entrepreneurs and small businesses across the state of Missouri grow and succeed by providing free, easy access to the help they need — when they need it. Amber Walderier’s entrepreneurial journey began with an unexpected inspiration:…

    Generator Studio promotes trio of longtime employees to premiere design firm’s ownership team

    By Tommy Felts | December 10, 2024

    Three new additions to the ownership structure at Crossroads-based Generator Studio — the first such change in the studio’s 15-year history — each helped transform the very landscape of Kansas City,  said co-founder Mike Kress. “They fully capture the spirit of Generator,” he continued, announcing that veteran team members Peter Baird, Christina Franklin, and Andrew…

    Former Hallmark, Crayola exec joins Reconciliation Services, shifting focus to equity of personal well-being

    By Tommy Felts | December 10, 2024

    A nearly 20-year corporate veteran has joined one of the most prominent nonprofit operations on Kansas City’s east side — marking another new chapter for Troost-based Reconciliation Services as Kristen Harris starts work as its new COO. “This role is an incredible opportunity to combine my passion for community impact with innovative leadership,” Harris said.…

    Super Dispatch names new CEO as one of KC’s top startups looks to next stage of growth

    By Tommy Felts | December 10, 2024

    A new CEO for one of Kansas City’s best known tech startups is expected to lead the charge as auto transport platform Super Dispatch continues its transformation, said founder Bek Abdullayev, who moves into a new executive chairman role. The company on Tuesday announced Matt Bradley has assumed the CEO position at Super Dispatch, taking…