 | Michael Kinard
a native of Wichita, earned a Bachelor of Science in Business Administration from Friends University. Kinard has been the Executive Director of the Kansas Minority Business Development Council (KMBDC) since May 1999. As director of the KMBDC, Kinard counsels and encourages many minority businesses in Wichita. Kinard is a member of the Wichita School Board, an active member for the Downtown Rotary Club, serves on the Communities United Credit Union Board, a board member for the north branch YMCA, Chairperson of Sedgwick County Micro-loan Credit Committee, a mediator for the Community Mediation Services, serves as co-chair on the education committee for the NCCJ and is a member of the NAACP. You can contact Michael at 350 W. Douglas, P.O. Box 1241, Wichita, KS 67201-1241, by phone at (316) 268-1154, or by e-mail at michael@wacc.org |
Business
2002-08-01 12:27:00
What about a grant?
Michael Kinard
Question: What grants are available for minority and women owned businesses?Answer: This is the most asked question we get here at the Kansas Minority Business Development Council. While there are specific grants targeted for this segment there is not one specific agency providing grants for minority and women owned businesses. Depending upon your business idea there may be grant dollars for that project but it will be open to anyone and not exclusive for minorities or women. Banks do have to comply with the Community Reinvestment Act (CRA) which basically states that the banks must reinvest back into the communities that bank with them. Giving the banks the incentive to provide services to undeserved areas. Minorities can help banks receive positive CRA ratings by doing business with them. These are not grants that banks provide but rather LOANS and must fall under the banks lending guidelines.
