Kansas City G.I.F.T. Hits $2M Milestone, Boosting Black Businesses
Kansas City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Kansas City G.I.F.T. celebrates a significant milestone, distributing over two million dollars to Black-owned businesses since 2020. With eighty-six funded spots, theyve created one hundred fifty-one new jobs and seen average revenue jumps of more than two hundred percent. The organization hosts quarterly grants and an annual pitch competition, offering up to thirty thousand dollars in prizes. CEO Brandon Calloway emphasizes that G.I.F.T. provides more than just funding, offering coaching, accounting, and marketing support. Despite a thirteen business closure rate, G.I.F.T. boasts higher success rates than typical venture capital investments. District Biskuits, a recipient of ten thousand dollars, expanded from breakfast to lunch and launched a sister spot, showcasing the impact of G.I.F.T.s support.
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