Small Business Capacity Building Program
The City of Albany Department of Community and Economic Development (DCED) in partnership with SOWEGA Rising is offering a Small Business Capacity Building Program. This program was established for small businesses to build capacity, to become financially accountable, and to empower them with the tools and knowledge necessary to remain sustainable.
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We Provide Funding
The Small Business Capacity Building Program has been established to assist businesses with various operational and overhead expenses. The program funding is provided by The City of Albany Department of Community and Economic Development. These funds are intended to
help and support businesses during these challenging economic times. A detailed description of how the funds will be used must be included with each application submittal.
Upon completion of the program, a business can receive funding up to $5,000 to cover a wide array of working capital needs and general operating expenses (payroll, rent, utilities, marketing, advertising, PPE, etc.)
The deadline for application submissions is
February. 26, 2021 at 5 p.m.
The Small Business Capacity Building Program has been established to assist businesses of up to 5 employees with various operational expenses. The program will be funded by way of the City of Albany Community and Economic Development Department.
Funding will be awarded between April 5-9, 2021.
Funding
Business Impact Goal
Our
Criteria
ALL applications must meet the criteria below.
- Must be a for-profit business operating within the city limits of Albany Georgia
- Be in business (6) months or more
- Have (5) or fewer employees
- Complete and submit an application by February 26, 2021
ELIGIBILITY REQUIREMENTS
The following are the basic eligibility requirements for applicants to be considered for funding through the City of Albany Department of Community and Economic Development. SOWEGA Rising in conjunction with Albany Business League will provide Financial Oversight and review each application to ensure that all eligibility requirements are met. All eligible applications will be reviewed by an oversight selection committee. It is vital for all applicants to submit the required accompanying documentation to ensure a complete application submittal.
How to get started:
- Review the criteria below to ensure that your business qualifies.
- Gather required documentation below.
- Upon completing orientation, you will be provided with a link to complete the online application in full.
Please note: This funding is for For-Profit Businesses only.
Documents needed to support a small business capacity building application.
- Complete Application
- Tax ID
- Business Certificate of Existence- One of the following:
- Business License
- State Registration
- Tax Return (1040 schedule C)
Our team of Subject Matter Professionals will assist in helping you to gather and format these documents.
APPLICATION PROCESS
The following information will be needed to complete the online application
- First Name, Last Name,
- Business Name
- Date Est.
- Federal Employee Identification Number
(EIN) - Mailing Address:
- City:
- State:
- Zip:
- Bus. Line:
- Website (Optional)
- Owners Name
- Mobile:
- Industry sector
- Are you located within the city limits? Y/N
- Affiliation with a business association or
organization (i.e. Chamber, business
league, etc.) - Have you applied for the EIDL or PPP
loan? - What do you hope to gain by participating
in this program? - Why and how will you utilize this
funding?
A separate budget is may be required for each activity or project for which funding is requested
All participants are encouraged to attend our Financial Management and Capacity Build Sessions
Bring the following documents to your session:
- Tax ID
- Articles of Incorporation
- Business License
- Projected Financial Statements that include month to month cash flow projections, for at least a one-year period.
- Our team of Subject Matter Professional will assist in helping you to gather and format these documents
Notification of Awards
Once the application period closes, the Small Business Capacity Building Program Committee will review all applications to ensure eligibility.
Funding will be awarded between April 5-9, 2021.
Revisit Our Awardees Success Stories
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Contact Info
Our Office
230 South Jackson Street/Suite 315 Albany, GA 31701
Open Office Hours
M-F: 8am – 5pm
(BY APPOINTMENT ONLY)
Get in Touch
TEXT (404) 781-9449
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