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

    ‘When puppets talk people listen’: It’s not just storytelling anymore for one of KC’s most beloved children’s theaters

    By Tommy Felts | March 14, 2023

    A Kansas City arts institution known for years as the Mesner Puppet Theater is animated with new life, said Meghann Henry, detailing a mission pivot for the freshly sewn and rebranded What If Puppets. Evolution at the nonprofit has taken a turn toward early childhood education since the retirement of Paul Mesner in 2016 —…

    M25 drops Midwest Madness bracket for best startup hub: 4-seed KC faces up-hill battle (Here’s how to vote)

    By Tommy Felts | March 13, 2023

    Bracket update: Since this story’s original publication, Kansas City has advanced to the Midwest Madness bracket’s Round of 32. Voting on Kansas City’s next match-up — against 5-seed Lafayette, Indiana — begins Tuesday, March 21. As sports fans fill out March Madness brackets this week, a Chicago-based venture capital firm is encouraging Midwestern founders, investors…

    Startups, investors on ‘red alert’ as Silicon Valley Bank collapse ripples into new tech downturn fears

    By Tommy Felts | March 13, 2023

    Editor’s note: This story was originally published by Missouri Business Alert, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and The Kansas City Beacon. Click here to read the original story. Silicon Valley Bank collapsed in rapid fashion on Friday to become the second-largest bank…

    Former C2FO manager creates AI data analyst to usher in a new way of making business decisions

    By Tommy Felts | March 10, 2023

    Tyler Amundsen is set on building a future where every professional uses artificial intelligence to make better decisions, faster, he said. “With humans, AI and computers working together, we can achieve truly mind-blowing things, and we’re just at the beginning of it. … We’re at a point in the world where AI can tell whether…