$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

    David Biga, Particle Space

    Joining 500 Global’s Japanese accelerator will test KC proptech startup’s market fit for Asian expansion

    By Tommy Felts | February 1, 2022

    Access to acceleration has been unlocked, David Biga said, announcing Particle Space has joined a newly launched accelerator program from 500 Global that could give rise to a fully functioning startup ecosystem in Aichi, Japan — while helping the startup further realize its own potential.  “One of the things we’ve been exploring with our API services…

    Comeback KC Ventures fellows: top, Dr. Shelley Cooper, Diversity Telehealth and Come On Now!, Ryan Grobler, IAQuality, Jill and Justin Bertelsen, Bertelsen Education and Crib Coaching; middle, Joel Stephens and Brandon Fuhr, XReps, John Black, MediView; bottom, Martin Bukowski and Eliot Arnold, Moodspark, Quest Moffat and Alejandro Andrade Salazar, Kadogo

    Accelerator taps first 7 startups to help bring KC back from the edge of global health crisis

    By Tommy Felts | January 28, 2022

    Seven Kansas City tech startups have taken the leap to launch new technologies and startups in response to challenges posed by COVID-19 — and have received technical and financial assistance through Comeback KC Ventures to accelerate their efforts.  “These innovations were conceived after two years of the coronavirus pandemic revealed and ignited a need for…

    Tyler Bolz and Will Strout, DataSource

    How two college students are bringing the fight to Jeff Bezos as supply chain breakdown rages

    By Tommy Felts | January 28, 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. MANHATTAN…

    Stock photo: 2020 barn party in Kansas City, Kansas; photo by Jacob Bentzinger, Unsplash

    Bash crashers: Airbnb stopped 1,700 suspected parties in KC amid 2021 variant surges

    By Tommy Felts | January 28, 2022

    Airbnb’s ban on booking spots for house parties prevented hundreds of spreader events across Kansas City — especially impactful over holiday weekends known disruptive behavior, the company said Friday. First introduced in summer 2020 to prioritize public health in the early days of the pandemic, Airbnb’s ban included new tech systems on the short-term rental platform…