Building Entrepreneurship Capacity in Kansas
GrantID: 76068
Grant Funding Amount Low: $25,000
Deadline: Ongoing
Grant Amount High: $50,000
Summary
Grant Overview
Entrepreneurship Training for Local Youth in Kansas
Kansas faces a significant barrier in youth entrepreneurship, as nearly 30% of the state's young people have expressed a desire to start their own businesses but lack the necessary skills and resources. This gap is particularly evident in rural areas where opportunities for employment are limited and economic activity is heavily reliant on a few major industries. The Kansas entrepreneurial landscape is marked by a shortage of financial literacy programs that can prepare young people for the complexities of starting and managing a business.
The primary groups affected by this barrier are young individuals aged 15-24 who reside in both urban and rural settings. In urban areas like Wichita, where the local economy is diversified, youth may have more access to resources but still struggle with financial literacy and entrepreneurial skills. Conversely, those in more rural locales, such as Hutchinson and Garden City, face even greater challenges due to limited access to mentorship and business training opportunities, exacerbating the issue of youth unemployment.
With this grant opportunity, the state aims to tackle these issues head-on. Kansas nonprofit organizations that focus on youth development and entrepreneurship will be key players in delivering entrepreneurship training programs tailored to local communities' needs. By providing mentorship, access to financial education, and workshops on starting a business, these initiatives will specifically target the gaps in knowledge that hinder young individuals from achieving financial independence and launching their own ventures.
The measurable outcomes of this funding will include the establishment of youth-led businesses across Kansas, with a significant increase in the number of participants showing improved financial literacy skills. By focusing on empowering youth through entrepreneurship, these programs are particularly essential in areas where high unemployment rates exist and where young people often leave in search of better opportunities.
Through tailored mentorship and entrepreneurship resources, the investment into these programs could transform Kansas's economic landscape by fostering a new generation of independent, financially literate business owners who contribute to the state's economic vitality. This initiative not only helps individual participants but also has the potential to enhance community economies by encouraging local hiring and innovation among young entrepreneurs.
Eligible Regions
Interests
Eligible Requirements
