$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

    KC entrepreneurs tapped to team up with top-tier Kansas enterprise businesses

    By Tommy Felts | September 7, 2023

    A trio of emerging Kansas City startups are among 20 cohort members selected to forge new strategic connections with big-name Kansas enterprise partners like Koch, Evergy, Cargill and Spirit AeroSystems. Wichita-based NXTUS this week announced the latest program participants for the NXTSTAGE Enterprise Engagement Series — a diverse array of growth-minded entrepreneurs offering innovative tech…

    Mpruv Sports adds pickleball, tennis to its on-demand edtech platform, strengthens C-suite roster

    By Tommy Felts | September 7, 2023

    Just six months after teeing off, Mpruv Sports — and its first offering, Mpruv Golf — are seeing momentum on the course and the court, shared founder and CEO Mark Lukenbill. The peer-to-peer, on-demand sports education marketplace is expanding to include tennis and pickleball, pivoting to a progressive web app, adding corporate partnerships, and growing…

    From childhood friend to Chief’s personal chef: ‘Whatever he’s feeding me is keeping me young,’ says Travis Kelce

    By Tommy Felts | September 7, 2023

    Kumar Ferguson has a meaty behind-the-scenes role in the Kansas City Chiefs coming season: fueling professional athletes, the personal chef to Travis Kelce shared. Since 2016, Ferguson’s full-time job is to worry about what’s for dinner, so Kansas City Chiefs tight end Kelce doesn’t have to. He prepares three fresh meals a day, so his…

    TokenTourney brings daily fantasy sports to the casual fan, fielding a video game feel with real-world experiences

    By Tommy Felts | September 7, 2023

    In April, Davis Engle asked his lifelong friend to quit his job in Dallas and come take a gamble on his startup. For Sam Shortall, it was an easy decision. “It didn’t take long for me to weigh the pros and cons of leaving consulting and doing something revolutionary,” Shortall said. The two have known…