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
LaunchKC studio cultivates regenerative look at social challenges; this founder grew his business too
Joining the third cohort of LaunchKC’s Social Venture Studio forced Jacob Canyon to get out of the day-to-day operations of Good Oak — even if for just one day a week — and instead focus on building the business, he shared. “Having that time set aside to do the long-term thinking and strategic stuff has…
Trio of KC healthtech startups wrap NXTUS competition; Marma scores pilot project
WICHITA — Companies working to improve Kansans’ health and community growth momentum across the state just completed an eight-week competition in hopes of developing collaborative relationships to scale alongside new regional partners. Three Kansas City startups were among a cohort of 10 finalists — drawn from global innovation hubs to participate in the NXTSTAGE Community Health…
KU Innovation Park launches Oread Angel Investors network to boost Jayhawk startups
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. LAWRENCE — A newly announced angel investor network is expected to support high-growth tech and bioscience startups linked to the University of Kansas, said Adam Courtney, opening greater access to…
10 emerging makers compete for cash prizes; AltCap, Strawberry Swing team up for fall showcase
Editor’s note: The following story was originally published by AltCap, an ally to underestimated entrepreneurs that offers financing to businesses and communities that traditional lenders do not serve. Amid the historic charm of Alexander Majors Barn, 10 Kansas City-area artisans stepped into the spotlight as AltCap and Strawberry Swing teamed up to host the Emerging…