$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

    Startup’s next chapter writes itself: AI-generated bedtime story platform launches with language-building upgrades

    By Tommy Felts | August 9, 2023

    With an emphasis on diversity and creativity, JQ Sirls’ AI-powered story generator is set to redefine children’s literature while uniting generations, he said.  “I’m really trying to create these magical bonding moments between adults and children. When adults use this technology to create their own story, it makes them feel like a kid again. Then…

    Their designs are so unique they’re one-of-one; ‘slow fashion’ duo turns thrift store finds into runway-worthy fits

    By Tommy Felts | August 9, 2023

    A Kansas City couple’s upcycled fashion brand is making waves, as thousands of social media followers — and some high-profile names — have taken note of the company’s repurposed “one-of-one” clothing pieces. The passion project of co-founders Jared Armstrong and Caylin Willis, Yvonne and Mitchel takes clothing materials from thrift stores and reimagines them into…

    New Kauffman CEO begins her ‘journey of impact’ with renewed focus on Kansas City

    By Tommy Felts | August 8, 2023

    Editor’s note: The Ewing Marion Kauffman Foundation is a financial supporter of Startland News. Work within Kansas City to inspire education and entrepreneurship has a ripple effect across the region, said Dr. DeAngela Burns-Wallace; and the Ewing Marion Kauffman Foundation is doubling down on its commitment to the Kansas City community under her new leadership. …

    This one-day competition builds more than apps, organizers say; Hack Midwest aims to reveal what humans are capable of creating  

    By Tommy Felts | August 8, 2023

    Kansas City’s largest app building competition is set to return in September — with more than 300 software engineers competing in teams for a piece of $22,500 in winnings. Hack Midwest, which began in 2012, brings together developers for a 24-hour “hackathon,” during which the teams race against the clock — and each other — to…