PHKC earns more state funding for 811 Retail Incubator; MTC boosting small biz

August 7, 2024  |  Tommy Felts

Dan Smith and Charon Thompson at the grand opening celebration for The Porter House KC's 811 Retail Incubator; photo by Nikki Overfelt Chifalu, Startland News

Another round of financial support from the Missouri Technology Corporation proves state economic development leaders understand that innovation also runs along main street, said Dan Smith.

The Porter House KC’s 811 Retail Incubator at 811 E. 31st St.; photo by Taylor Wilmore, Startland News

The Porter House KC — which just opened its 811 Retail Incubator in late July — is among seven entities just awarded a total of $1.8 million in Physical Infrastructure grants from MTC. The program seeks to ensure Missouri entrepreneurs have access to the physical infrastructure and resources required to launch and grow their businesses.

Individual funding totals are not disclosed by the grants program.

MTC is showing its commitment to small businesses across the state, and its desire to support innovation,” said Smith, co-founder of PHKC, which operates the new 811 Retail Incubator as a storefront for emerging retail-focused entrepreneurs who are not yet able to jump into a standalone space of their own.

RELATED: Resilience pays off as retail incubator opens doors; Meet the first featured founders at PHKC

Funds allotted to the incubator from MTC are expected to help hire two part-time employees and power the renovation of the nonprofit’s backyard space at 811 E. 31st St. Once completed, the backyard will be used for year-round programming, pop-ups, and event rentals.

The Porter House KC was a member of the Physical Infrastructure grants’ pilot program in 2023, which helped launch the second phase of construction for the 811 Retail Incubator near Kansas City’s east side.

“The feeling is unimaginable,” Smith said of MTC’s ongoing support. “We are so blessed to be able to be in a position to apply for and receive these funds.”

RELATED: MTC just awarded $2.6M in investments; three KC tech startups earn state backing

The Porter House KC serves early stage entrepreneurs and businesses that are attempting to launch or expand, but have been halted or delayed by the need for greater education or more resources.

The incubator space already is home to four local retailers: CRWND Illustrations, Someday Sunday, KC Thrift Tours, and Weirdo Nailz. Four more spots within the space are still available for rent to entrepreneurs who might be a good fit for the project.

Keliah Smith, CRWND Illustrations; photo by Nikki Overfelt Chifalu, Startland News

In addition to building out the space, the project has pushed leaders at The Porter House KC to further develop their own “patience IQ,” Smith said, noting a mix of out-of-their-control challenges and new opportunities created by opening the nonprofit’s first truly public-facing space.

In addition to PHKC’s 811 Retail Incubator, projects receiving funding included:

Click here for more details on awardees and their funded initiatives.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

2024 Startups to Watch

    stats here

    Related Posts on Startland News

    Young mom’s apparel for crawling babies wins best fit for UMKC Side Hustle Challenge

    By Tommy Felts | November 15, 2024

    Riley Rhoads knows firsthand how overwhelming it is to shop for baby clothes, the University of Missouri-Kansas City student and new mother shared, so she created a product to help fellow moms. Hold Tight Baby — Rhoads’ venture that earned her first place at UMKC’s Side Hustle Challenge — makes pants for crawling babies. The…

    KC-crowned ‘King and Queen of BBQ’ return to the throne with new Prospect restaurant

    By Tommy Felts | November 15, 2024

    Gary Paul and Patricia Moore have long been dubbed the “King and Queen of BBQ” by their loyal followers, they said. After several relocations for their P Moore & Moore BBQ brand over the past few years, the duo has landed a new kingdom at 5932 Prospect Ave. And they’ve now fully embraced their nicknames…

    Investor market turns Midwest conservative: ‘Everyone here is feeling a changing landscape’

    By Tommy Felts | November 15, 2024

    After years of soaring valuations across the startup scene, venture firms like M25 are observing a shift to more risk-averse investors and stricter examinations of even the most-exciting company’s worth, said Abhinaya Konduru. “We’re seeing a new normal,” said Konduru, a principal on the influential Chicago-based M25 team and a panelist at Thursday’s MidxMidwest event…

    Power & Light: $10M in Live! Block upgrades planned before downtown’s Big 12 ‘opening day’

    By Tommy Felts | November 14, 2024

    The Kansas City Live! Block in the Power & Light District — a place KCMO Councilman Crispen Rea calls the living room of Kansas City — is set for a $10 million upgrade, local business and civic leaders announced Thursday. Key updates also target the popular District nightclub Mosaic. “It’s become an engine that generates…