$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

    Come to the water: How KC Current’s stadium-side $200M mixed-use development could lure Kansas City back to the riverfront

    By Tommy Felts | April 23, 2024

    Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the Kansas City Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. A $200 million project that will include 400 apartments along with retail space…

    Meet the Small Biz of the Year finalists: KC Chamber surprises Top 10 Mr K contenders

    By Tommy Felts | April 19, 2024

    The Kansas City Chamber just unveiled its hotly anticipated Top 10 finalists for the 2024 Small Business of the Year honor — surprising leaders from a wide range of industries with their tickets to the next round of the city’s most prestigious business competition. “This year, 60 candidates applied for awards, and we were awed…

    Growing movement by Black farmers seeds plan to honor land, ancestors while cultivating better health

    By Tommy Felts | April 19, 2024

    Dina Newman wanted to reclaim Black growers’ seat at the table — helping an overlooked community in Kansas City create their own healthy and affordable food systems to nourish themselves. “When I’m talking food system, I’m talking from a seed to plant,” said Newman, founder of Kansas City Black Urban Growers (KCBUGS). “When you look…

    Love story continues: Fans spot Taylor Swift in boyfriend’s New Heights cap; KC hat maker sees green

    By Tommy Felts | April 19, 2024

    It’s been more than a fortnight since the Chiefs’ headline-grabbing, pop-culture-infused Super Bowl run, but the Taylor Swift effect remains strong for the tortured poets and creators at one Kansas City company. Sandlot Goods — Kansas City’s only local hat manufacturer — is reaping the benefits of Swift’s recent appearance at the Coachella music festival,…