$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

    Getting the style just right for actor Harry Belafonte was a challenge for Warren "Stylez" Harvey. Belafonte portrayed the gangster Seldom Seen from Robert Altman's 1996 film "Kansas City"; photo by Julie Denesha

    Warren ‘Stylez’ Harvey paints film legends set for induction into KC’s new Black Movie Hall of Fame

    By Tommy Felts | April 1, 2022

    Editor’s note: The following story was originally 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. Making careful brush strokes, Warren “Stylez” Harvey uses bold shades of blue in his bright Midtown studio. He’s painting a young…

    BUBBA Tidal Rods

    Missouri-caught outdoor brand angles for bait-to-plate allure with non-slip grip fishing rods

    By Tommy Felts | March 31, 2022

    Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. COLUMBIA,…

    Garrett Amundsen, "Once Upon A Startup," and Parker Graham, Finotta

    ‘How a startup becomes a superstar’: Finotta launches real-time podcast as KU freshman gets inside the mind of its founder

    By Tommy Felts | March 29, 2022

    Most business podcasts tell the stories of those who have reached massive success, Garrett Amundsen said, but Finotta’s premier podcast is set to flip the switch — sharing the fintech startup’s journey as it unfolds. “When people listen to our podcast, they’re going to be able to track the success and growth of the company…

    Co-founders Cornell Gorman, Christopher “LOKC” Stewart, and Brandon Calloway, Generating Income For Future Generations (G.I.F.T.), cut the ribbon of the nonprofit's new business center on Prospect Avenue

    A gift for KC’s East Side: Business center beats developers to Prospect, offering one-stop shop for entrepreneurs

    By Tommy Felts | March 29, 2022

    A new full-service business center and coworking space on Prospect Avenue will do more than just fill the former Blue Hills Community Services building — better fulfilling its goal to create a clear path to economic prosperity and wealth, said Brandon Calloway. “It’s always been the right time for a business center to open on…