Secd rural business development coop rbeg grant

The Department of Agriculture Rural Business Cooperative Services awarded Act! (Albany Community Together!), Inc. $500,000 on June 29, 2026, under the Rural Business Development Grant program (CFDA 10.351). The award funds economic development initiatives serving rural Georgia through June 29, 2028. Act!, a Black American-owned community development corporation and certified Community Development Financial Institution headquartered in Albany, Georgia, will deploy the funding to promote sustainable economic development and facilitate the development of small and emerging private business enterprises in rural communities, with priority for projects serving low-income populations, preserving existing employment, and creating jobs in high-unemployment areas. The Rural Business Development Grant program provides assistance to government entities, private nonprofit corporations, and Federally recognized Indian tribes that receive funding to support business development operations; grants are not made directly to businesses.