DOWNTOWN ALBANY, GA (WALB) - A big bank and a small community organization are teaming up to provide resources to local entrepreneurs and small business owners.
Bank of America awarded Albany Community Together Incorporated a $30,000 grant.
The money will help provide technical assistance, business development training, and financial management training to people starting or expanding a small business in the Albany area.
"We provide access to capital for small business owners who are generally not able to go to a bank to receive funding for whatever reason. They may have collateral shortage, maybe a startup that the bank is no longer doing, restaurants, beauty salons ,and they just come here to us," said Thelma Adams-Johnson, President/CEO-Albany Community Together Inc.
ACT says the grant will enable them to help Albany area high school students, who submit business plans in an annual competition to start a school-based enterprise.