$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

    New CEO for one of KC’s most-talked-about startups could be the first step toward an IPO

    By Tommy Felts | September 26, 2023

    A new CEO for Kansas City-based TripleBlind allows the privacy tech startup to advance into a growth stage company — one potentially headed toward a public offering — taking advantage of recent momentum around enterprise artificial intelligence solutions, said Riddhiman Das. TripleBlind on Monday announced the appointment of Prat Moghe, former executive vice president of…

    Godfrey Riddle wants to build you a home; How Civic Saint’s eco-friendly bricks could reshape the foundation of affordable housing

    By Tommy Felts | September 23, 2023

    Winning $55,000 in a recent national LGBT pitch competition provides Godfrey Riddle the building blocks for a hard pivot — shifting the focus of his lifestyle company Civic Saint from handmade retail goods to earthen bricks used to sustainably create artful, affordable homes. “Affordable housing is a problem I’ve been pondering since my family lost…

    KC Cattle Company steaks its reputation on wagyu hot dogs; Why this rural MO business enlists veterans on its new mission

    By Tommy Felts | September 22, 2023

    WESTON, Missouri — Patrick Montgomery struggled to find his way after his service in the U.S. Army, he said. Now on a new mission — his venture KC Cattle Company — Montgomery is helping other veterans at a similar crossroads. “The military does some things really well and they do some things really poorly,” he…

    KC-area startup earns spot in first-ever AWS accelerator for emerging GovTech companies

    By Tommy Felts | September 21, 2023

    A Lee’s Summit-based startup focused on developing tech for the criminal justice industry has been selected for Amazon Web Services’ (AWS) inaugural GovTech Accelerator cohort. eHawk — led by co-founders Bart Cooper and Ted Green, a former bail bondsman and trial attorney — is one of 13 companies tapped for the program. The Kansas City-built…