$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 pitch at a 2021 NMotion Venture Studio event

    NMotion adds ‘concierge’ investment accelerator for early-stage founders; applications close May 30

    By Tommy Felts | May 24, 2022

    Editor’s note: This article is sponsored by the NMotion startup accelerator, but was independently produced by Startland News. Following NMotion Venture Studio’s successful launch in 2020, Nebraska’s largest and only startup accelerator is adding a new high-touch opportunity to its lineup: NMotion Growth Accelerator.  “Five out of the 10 companies that came through the NMotion…

    Santosh George, Grace George, Meredith George, and Mary Ann George at the dedication of Studio 3030 at Operation Breakthrough's Ignition Lab

    Donations honoring late podcast host, comedian fund ‘place of peace’ for young creators; recording studio dedicated to Mathew George

    By Tommy Felts | May 24, 2022

    Friends and family of the late podcast host Mathew George gathered to celebrate the dedication of Operations Breakthrough’s newly-debuted recording studio on what would have been Mathew’s 27th birthday. “What could have been a really depressing day was more celebratory, like it would have been if he were still here,” shared Mary Ann George, mother…

    Melissa Vincent, Pipeline Entrepreneurs, and Donald Hawkins, Kinly, at the 2022 Pipeline Innovators gala

    Pipeline Innovators gala adds glamour, top honors back into the mix for celebration of fellows 

    By Tommy Felts | May 21, 2022

    A remixed Pipeline Innovators gala honored veteran and emerging fellows from within the elite startup founder network Friday — returning the full live celebration to a stage in Kansas City for the first time since 2018 and crowning two new Innovator of the Year recipients. Marking the first Innovators gala for Pipeline executive director Melissa…

    Saroj Gupta, MyDigiRecords, pitching at the Futures Group during the Comeback KC Ventures Innovation Showcase

    When a global health crisis exposed ‘broken’ systems, these KC startups jabbed back

    By Tommy Felts | May 21, 2022

    Patients need easier access to their medical records, said Saroj Gupta, stressing the life-threatening outcomes for individuals who might miss important vaccinations — or erroneously obtain multiple doses — because of poor or hard-to-find documentation. “We call ourselves a developed country, but our healthcare system is so broken,” said Saroj Gupta, the founder and CEO…