$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

    Bootleg Bourbon Balls

    Not too late for the ‘naughty’ list: Roll into 2022 with a year-round Kansas City bourbon ball

    By Tommy Felts | December 27, 2021

    A nip of locally distilled Tom’s Town bourbon mingles with bittersweet chocolate and a bourbon pecan mash with each bite into “guilty pleasure” — one of dozens of “notoriously naughty” bourbon and rum balls made by Lisa Fitch. “A lot of people associate them with the holidays, like they do with divinity fudge,” explained Fitch, founder…

    Keith Bradley, Made in KC

    The future is local: How masks helped neighbors look each other in the eyes again

    By Tommy Felts | December 27, 2021

    Editor’s note: The opinions expressed in this commentary are the author’s alone. Keith Bradley is co-owner of Made in KC, a brick-and-mortar and online retailer of locally made goods with neighborhood, marketplace and cafe locations downtown, on the Country Club Plaza, in Lee’s Summit, Lenexa, and across the metro. As we wind down our second…

    The sun sets on Don Chilitos Dec. 22

    RIP to free chips and salsa: Why Don Chilitos just released the KC Tex-Mex staple’s secret family recipes

    By Tommy Felts | December 23, 2021

    Don Chilitos might have served its last bit of CCQ sauce — but that doesn’t mean its final customers had to settle for a handful of chiclets as a memento on their way out the door, Barry Cowden said, explaining his decision to go public with dozens of recipes from the beloved restaurant in a newly…

    Robert Feeney and B. Wayne Bradley, KaaS, Ringorang

    A Silicon Valley startup relocated to Kansas in June; it’s latest move goes ‘all-in’ on Wichita

    By Tommy Felts | December 22, 2021

    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. One…