$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 KC sausage maker serves one of America’s best vegan hot dogs; the PETA-approved menu item wasn’t an afterthought or gimmick, its owners say 

    By Tommy Felts | July 20, 2023

    Wiener Kitchen has always been a community-driven venture, said Jessica Rush, which includes providing options for all members of the community — meat eater or not. “We started at a farmers’ market, and I felt really strongly about having a vegetarian and vegan option. A lot of people go to the farmers’ market because they…

    Don’t sleep on ‘Barbie’, KC theater owner warns as Barbenheimer blockbuster arrives

    By Tommy Felts | July 20, 2023

    ‘Barbenheimer’ could bring best movie-going weekend in nearly a decade; How KC theaters are getting dolled up for the blockbuster Local theaters are expecting a blockbuster weekend, thanks to a highly anticipated and unlikely double feature opening Thursday. Dubbed “Barbenheimer,” the high-profile films “Barbie” — a fictionalized focus on the doll-turned-fashion icon — and “Oppenheimer”…

    ScaleUP! KC touts revenue success stories as latest small biz cohort opens applications

    By Tommy Felts | July 19, 2023

    Growth outcomes don’t always follow entrepreneurs’ graduation from ScaleUP! KC — sometimes they come before the game-changing, no-cost program is even complete, its leaders said. Rickey Leathers made significant strides in his business, Savvy Salon — co-owned with his wife, Lenora — while enrolled in the cohort, he said. “I successfully opened a second location…

    Modern-day stress triggers make life harder; getting healthy shouldn’t add to those burdens, says KC Wellness Club

    By Tommy Felts | July 19, 2023

    The shift to focusing on wellness instead of illness should be fun, said Heath Wessling, a former wellness expert at Cerner-turned-entrepreneur, who noted sustained growth or change is unlikely if a person is unhappy with the process. “We like to find ways to show you how it’s not a drag,” said Wessling, founder and owner…