$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

    Can’t-miss Saigons: KC’s Vietnamese coffee shop debuting long-awaited storefront, new drinks after slow drip

    By Tommy Felts | August 11, 2022

    Two years after her Vietnamese coffee cart’s opening act — popping up in local businesses and parking lots across the city — Jackie Nguyen has found her audience, formed a community and will soon, finally, take center stage with her own standalone Cafe Cà Phê in Columbus Park. “When I moved to Kansas City, I…

    Tesseract Ventures awarded $1.25M grant for R&D at home of the B-2 Stealth Bomber

    By Tommy Felts | August 11, 2022

    One of Kansas City’s most innovative startups announced Thursday a direct-to-Phase II SBIR Grant with Whiteman Air Force Base — teaming the next-generation robotics leader with the U.S. military to launch smart technology with global impact, said John Boucard. “We are honored to work alongside some of the military’s most visionary minds, as we develop…

    This North Kansas City hub will be base camp for GEWKC 2022; Deadline for event applications nears

    By Tommy Felts | August 11, 2022

    KCSourceLink announced this week that Global Entrepreneurship Week-Kansas City, the metro’s largest celebration of entrepreneurship, has a new base camp for its 15th year. The Nov. 14-20 weeklong event series is setting its main events at iWerx in North Kansas City. Popular nearby businesses like Restless Spirits, Cinder Block Brewery and Chicken N Pickle will…

    Alone or in the club: Virtual jukebox app spins back after laying new tracks as a social experience

    By Tommy Felts | August 9, 2022

    Former music promoter Adell Hendon said he knew he couldn’t keep the turnup going forever on his own. Now the Kansas City native is helping other people party even longer with his socially-interactive virtual jukebox app — YouSpin. “I used to throw a lot of parties with DJs and even independent artists — a lot…