Porter House KC earns $400K in renewed support for inclusive entrepreneurship, retail incubator
December 1, 2023 | Startland News Staff
Support from the JPMorgan Chase Foundation is expected to help The Porter House KC make good on its founders’ promise to help emerging entrepreneurs in their community get their promising ventures off the ground, said Dan Smith.
Victoria Campbell Osborne, The Scented Webb, accepts her prize at The Porter House KC’s June 2023 Pitch Night, sponsored by JPMorgan Chase Foundation; photo by Austin Barnes, Startland News
“Like many of the small business owners that we encounter, we started our organization based on a need we saw within the community,” said Smith, who co-founded The Porter House KC alongside Charon Thompson. The serial entrepreneurs and fraternity brothers launched the effort in 2018. “From there, we’ve been nothing but grateful to be supported, challenged, and … believed in, by partners like the JPMorgan Chase Foundation.”
A philanthropic investment of $400,000 for The Porter House KC (PHKC), a program of Credit & Homeownership Empowerment Services (CHES), was announced Friday. The funds are expected to boost PHKC’s work to improve entrepreneurship access and resources to underserved populations in the Kansas City metro area.
It’s a continuation of backing from JPMorgan Chase, which previously helped fund The Porter House KC’s Scale Deep grants program.
“Without support like this, we truly would not be in a position to continue our initial promise that embodies what PHKC continues to be,” said Smith, whose PHKC team also includes the leadership of Miranda Schultz, director of operations.
The Porter House KC’s 811 Retail Incubator, August 2023; photo by Channa Steinmetz, Startland News
Dan Smith, The Porter House KC, speaks during a panel on “Scaling Deep” — a philosophy PHKC has championed with the support of JPMorgan Chase Foundation — during a 2023 session at Global Entrepreneurship Week-Kansas City; photo by Tommy Felts, Startland News
JPMorgan Chase’s dollars will be used specifically to provide technical assistance for underrepresented small and micro business owners (employing fewer than 10 people). This grant will include support for PHKC’s new physical incubator space, 811, which will offer a brick-and-mortar location to boost retail entrepreneurship from the urban core.
The newly announced JPMorgan Chase grant will further support programming to provide mentorship, coaching, and education on critical entrepreneurship-related topics like management, accounting, and strategic planning for small businesses.
“Porter House KC has a strong record of helping underserved entrepreneurs start and scale their businesses,” said Victoria Adams Phipps, vice president of global philanthropy and program officer at JPMorgan Chase. “We are proud to support their deeply impactful work to empower community, create local jobs, and build wealth in Kansas City.”
Featured Business
2023 Startups to Watch
stats here
Related Posts on Startland News
Mayors James, Holland urge Trump to increase broadband access
While the nation is seemingly more divided than ever, Kansas City mayors on both sides of state line are working together. Along with officials from 62 other cities and counties across the nation, Mayor Sly James of Kansas City, Mo. and Mayor Mark Holland of Kansas City, Kan. showed their support for a bipartisan effort…
After KCPS pilot, $2.2B Sprint project plans to close the U.S. homework gap
More than 20 million U.S. households do not have an internet connection, according to the PEW Research Center. Pairing that with the fact that schoolwork is more frequently requiring internet access, millions of students around the nation are severely limited in their learning. In Kansas City, the story is no different — hundreds of households remain…
Profit and purpose: Innovators share 5 social entrepreneurship lessons
It’s been said that the best things in life are free. But what social entrepreneurs know well, is that it’s not that simple — nearly everything in life comes at a cost, including the positive impact they’re trying to make. And at Thursday’s Conquer for Good conference, a variety of innovators shared how they’re working…
KC tech innovators deliver mindset and personal development advice
For many, starting a business may sound like the dream — being your own boss, making your own rules and devising your own schedule. But the reality is that the entrepreneurial life isn’t all sunshine and roses. Like most good things in life, it comes with risk and challenges. And on Wednesday a panel of…