NewBo City Market is proud to announce the recognition of multiple entrepreneurs through the inaugural Spark Grants program. Made possible by the generous backing of the Iowa Women's Foundation with support from the Cedar Grove Fund from the Greater Cedar Rapids Community Foundation, these grants stand as a testament to the enduring commitment to fostering equitable entrepreneurial growth in the community.
The Spark Grant program has been designed to propel the advancement of small enterprises nestled within the Market's business incubator community. By extending vital financial aid to start-up entrepreneurs, the program aims to ignite fresh ideas, amplify efficiency, and cultivate a thriving business ecosystem that ripples positive effects throughout the community.
The following NewBo City Market businesses are the recipients of the Spark Grant: Luna Gelato, The Barkery, Rare Bird Soap Shop, Lori Ann’s Candies, Capo’s Italian Beef, Tangled Heartstrings, Tree of Liminality, and Oja.
Carol Elliot, the founder of Luna Gelato, expressed heartfelt gratitude for the grant she received for her newest venture in February. "This grant made it possible for us to purchase a gelato machine, as well as cover some of the costs of starting a handmade gelato operation," Carol shared. The infusion of this new capability positions Luna Gelato to delight patrons with its array of frozen treats.
Missa Coffman, the creative force behind and founder of Tree of Liminality, lauded the game-changing investments enabled by her Spark Grant: "We purchased several pieces of book binding equipment, and we were able to buy a subscription for Adobe Creative Cloud." These upgrades solidify Tree of Liminality's capacity to craft new forms of art.
Elizabeth Rueschhoff, owner of Lori Ann's Candies, brimming with enthusiasm, shared, "We purchased a tempering machine as well as a guitar cutter to increase efficiency and capacity of production,” adding “These new tools have allowed us to more effectively meet demand.”
Oja restaurant owner, Kwai Butler, expressed her journey starting a business: "Our largest
purchase was our new refrigerated prep station. We also were able to outfit our space with the remaining grant funds. We hope to increase our capacity for catering, weekly specials,
and a larger menu offering." With these strategic enhancements, Oja stands poised to enhance their offerings, heightening the experience for its patrons by bringing fresh new flavors from Korean cuisine to the community.
Both the Iowa Women's Foundation and the Greater Cedar Rapids Community Foundation share a profound optimism about the transformative potential of the Spark Grant within the NewBo City Market community. "Supporting these innovative entrepreneurs as they navigate the path towards business expansion and community enrichment brings us immense satisfaction," remarked Sarah Blais, Senior Director of Market Operations at NewBo City Market.
The Spark Grant program stands as a dynamic testament to the partnership between the Iowa Women's Foundation, Greater Cedar Rapids Community Foundation, and NewBo City Market community. This collaboration exemplifies the considerable influence that focused support and collaborative efforts can wield in uplifting small businesses.
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The recent awarding of Spark Grants to several entrepreneurs at NewBo City Market is a commendable initiative aimed at fostering small business growth within the community. By providing essential financial support, these grants enable startups to implement innovative ideas and enhance operational efficiency, thereby contributing to a vibrant local economy. The collaboration between the Iowa Women's Foundation and the Greater Cedar Rapids Community Foundation exemplifies a strong commitment to equitable entrepreneurial development. The success stories of businesses like Luna Gelato, The Barkery, and Lori Ann’s Candies underscore the positive impact of such funding on local enterprises.
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Wow, this Spark Grant program is genuinely inspiring! It’s incredible to see how focused investments can directly impact small businesses and help them grow in meaningful ways. Each of the recipients is not just advancing their operations but also contributing to the vibrancy of their community—whether it’s Luna Gelato’s upgraded equipment or Lori Ann’s Candies scaling up their production. Programs like these show the power of community-driven initiatives in fostering entrepreneurship and innovation.
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