$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

    Fast-growing KC startup closes $20M in Series B funding to accelerate genetic progress in cattle

    By Tommy Felts | April 4, 2023

    A well-muscled funding round is expected to help Lenexa-based Vytelle expand its global operations after having already scaled the agtech startup’s breakthrough in vitro fertilization, data capture, and AI-driven genetics tech to be easily accessed by more than half of the U.S. cow herd. “This is indicative of strong market interest in our products and…

    Blerdy for 30: KC comic creator’s documentary takes Black nerd culture from niche to your screen

    By Tommy Felts | April 3, 2023

    A recently launched Kansas City entertainment company hopes to become the digital epicenter of “Blerd” — shorthand for Black nerd — content, said Brandon Calloway. Now the founder of Blerd TV, Calloway debuted the Blerd YouTube channel in January, where more than 3,000 subscribers already have access to free content, he said. However, that represents…

    Kharissa Forte, Grace & Grind

    Sleeping on the job: Why a power nap at work isn’t such a bad idea (and how to get away with it)

    By Tommy Felts | April 3, 2023

    Kharissa Parker is a news producer, writer, certified health coach, and columnist for Startland News. For more of her self-care tips on how to keep your cup full, visit kparker.co. If there’s anything to be said about Millennials and Gen Z, it’s that we’re changing the entire structure of what a 9-to-5 looks like. With…

    16 small businesses in 60 seconds: Did you spot your favorite entrepreneur in the Royals’ new campaign?

    By Tommy Felts | March 31, 2023

    It’s a new season, but longtime connections fly deep into the outfield for the Kansas City Royals and a fandom that’s supported them for decades. Among those most impacted: entrepreneurs whose stories run along the same baseline as the championship-winning baseball club. “It might sound crazy, but I honestly credit a lot of our growth…