$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

    Are You Ready For It? J. Rieger partners with KC TikToker for Eras Tour pop-up ahead of Taylor Swift concert weekend

    By Tommy Felts | June 30, 2023

    Calling all the argumentative, antithetical dream Swifties — J. Rieger & Co. is welcoming Taylor Swift fans to its Electric Park Garden Bar for a pre-concert weekend celebration.  “The dedication that people have for Taylor Swift’s concert has been incredible to see,” said Sarah James, director of hospitality at J. Rieger & Co. “We love…

    Woodie Bonds Jr., Kemet Coleman, and Elliott Ivory,

    KC’s newest brewery isn’t just the first in Missouri owned by African Americans, it’s ‘sacred soil’

    By Tommy Felts | June 30, 2023

    Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. From their new spot on the south end of the Historic 18th and Vine district, Vine Street Brewing Company’s owners want…

    This Kansas gardener is suing for the right to sell honey and fruit from her Ottawa yard

    By Tommy Felts | June 30, 2023

    Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. Ellen Finnerty dreams of beekeeping and of supplementing the income from her warehouse job by selling products from her garden. OTTAWA,…

    They called her ‘Buckwheat’ as a child; Her genre-blending new film flips the script on preconceived narratives

    By Tommy Felts | June 30, 2023

    Jamie Addison’s production company aims to expose realities not often explored in mainstream media or society, the Kansas City filmmaker said, particularly as they reveal truths that have been hidden to create misleading or outright false narratives around gender, race and social norms. “Let’s take back the power and identity and love ourselves; truly feel…