Act Albany Community Together Inc

Act Albany Community Together Inc, abbreviated as ACT, is committed to fostering economic growth and opportunity in Georgia by offering affordable access to capital and business development services to aspiring entrepreneurs and small business owners. Their mission, in essence, is to build wealth and create a conducive business environment for individuals who may otherwise struggle to secure funding and guidance. By providing economic development loans and business technical assistance, ACT aims to empower these individuals, helping them to establish and grow their businesses, thereby creating or retaining jobs within the community.

In pursuit of their mission, ACT has funded 23 loans totalling $1,508,185, which have directly contributed to the creation or retention of 149 jobs. Furthermore, ACT has shown a particular focus on supporting socially and economically disadvantaged individuals, having funded 15 such loans. Beyond financial assistance, ACT also provides business owners with valuable technical assistance, helping them to improve their business models, enhance their financial strength, and develop sustainable growth plans. This service, which ACT offers for a total of 283 hours, is instrumental in equipping entrepreneurs with the necessary tools to navigate the business landscape successfully.

In addition to providing loans and technical assistance, ACT also offers grants to socially and economically disadvantaged individual-owned businesses. Over the course of their operations, ACT has provided 13 such grants, totaling $104,000, with five of these grants going to women-owned businesses. This holistic approach to supporting small businesses and entrepreneurs underscores Act Albany Community Together Inc's commitment to creating a vibrant and inclusive economic landscape in Georgia.