$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

    Co-founders Kyle Manera and Maddie Shonka, Co-Immunity

    Their diagnoses were just the beginning: How tech app, community tap into co-founders’ own chronic illnesses

    By Tommy Felts | January 4, 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. WICHITA…

    Digital Sandbox KC recipients: Jaqwan Sirls, PageMaster; Aishah Augusta-Parham, SEPOW; Brandon Fuhr and Joel Stephens, XReps; David Roberson, AZELLA; Eliot Arnold, MoodSpark; and Nikil Ragav, InventXYZ

    Just funded: Digital Sandbox KC starts new year with six new startups on its roster

    By Tommy Felts | January 4, 2022

    Digital Sandbox KC’s latest round of startup funding reflects the emergence of more Kansas City-built, scalable tech in the new year, said Jill Meyer, announcing the fourth-quarter roster of companies bringing innovative ideas to life in the region. “These six companies demonstrate the creativity and diversity of our region’s technology founders and problem solvers,” said…

    Merger alert: ‘Shark Tank’ star teams with Gary Fish, Fishtech to form new cybersecurity powerhouse

    By Tommy Felts | December 30, 2021

    A merger announced today between award-winning cybersecurity solutions providers Fishtech Group  and Herjavec Group will unite the companies as a single entity under a new brand to be announced in early 2022.  The deal — backed by funds advised by Apax Partners LLP (The Apax Funds), which will hold a majority stake in the new…

    Olive Cooke, Sylvia Metta, and Kim Conyers Cauldron Collective

    Vegan spell falls over West Bottoms restaurant as this trio’s plant-based potions ring in a new year

    By Tommy Felts | December 29, 2021

    Every witch needs a coven, said Olive Cooke, Sylvia Metta and Kim Conyers; so they conjured a community in the West Bottoms to serve their vegan bites.  Cauldron Collective — a plant-based, comfort food venture co-founded by self-proclaimed “cooking witches” Cooke, Metta and Conyers in January 2021 — made its mark in Kansas City through…