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
Lei Away staycation: Festival celebrates shared language of Aloha, tiki culture and creativity in KC
What began as a celebration of tiki vibes and tropical aesthetics has danced into an all-out luau that showcases authentic Polynesian traditions, culture and makers alongside local businesses and island enthusiasts, said Johnny Dawbarn. The three-day Lei Away 2024 festival returned this weekend to the Crossroads with events ranging from a talk on the history…
If you build it, they will come: KC leaders pitch downtown baseball to expats eying a return to home plate
Downtown baseball remains a winning prospect for Kansas City — and the Royals — civic and business leaders told a crowd of former residents who are considering a move back to KC, encouraging them to imagine a homecoming of big league proportions. “I think everyone agrees that Major League Baseball is a downtown sport,” Jon Stephens,…
Historic Troost space getting restocked; long-vacant Safeway next on Screenland’s grocery list
A one-story, long-empty, red brick building on Troost is now on the National Register of Historic Places — and set for new uses that reflect the modern-first vision behind its original construction. Redevelopers from Screenland Real Estate Services said the space at 3740 Troost Ave. was one of the first — if not the first…
This beloved family chicken chain is dropping its first new location in decades; Go for its G-Sauce in 2025
Kansas City’s longtime favorite Go Chicken Go is expanding to the Northland — its first new location in nearly 25 years. The hometown staple — a family-owned, third generation business based in Overland Park — is taking over the former Taco Bueno freestanding building at 380 N.E. Vivion Road, for an early 2025 opening. The new…