Albany Community Together, Inc. Receives $1 Million Grant from Truist Foundation

Rhea-AI Summary

Albany Community Together, Inc. received a $1 million grant from Truist Foundation to develop The Table of Southwest Georgia, a Community HUB aimed at addressing social determinants of health and enhancing economic prosperity. The initiative, in collaboration with the Southwest Georgia Project for Community Education and Phoebe Putney Memorial Health Systems, will support local entrepreneurs, particularly black and rural farmers, by providing access to capital and resources. This project aims to improve community health outcomes through a Health Equity Institute and expand local agriculture and food access.

Positive

• Receipt of a $1 million grant from Truist Foundation to enhance community well-being.
• Creation of The Table of Southwest Georgia to address social determinants of health.
• Support for local farmers and food entrepreneurs, providing access to capital and resources.
• Implementation of a Health Equity Institute to improve healthcare in the community.

Negative

• None.

ALBANY, GA / ACCESSWIRE / March 30, 2023 / Today, Albany Community Together, Inc., a leading network for Community Development Financial Institutions (CDFIs), announced it has received a $1 million grant from Truist Foundation. The grant will help Albany Community Together, Inc., in partnership with Southwest Georgia Project for Community Education, Inc. and Phoebe Putney Memorial Health Systems, create an ecosystem to address the social determinants of health that are barriers to economic prosperity by repurposing a former grocery store into a Community HUB called The Table of Southwest Georgia. The Table of Southwest Georgia will offer a holistic, multi-faceted approach to creating a healthy, financially viable community by closing the accessibility gap to critical areas of wellness, including food, finances and healthcare.

"Our mission is building wealth and creating economic opportunities in Southwest Georgia by providing affordable access to capital and business support for aspiring entrepreneurs and small business owners," said Thelma Adams Johnson, President/CEO of Albany Community Together, Inc. "We are excited to bring this project to Albany to provide opportunities for our business community, including small businesses, food-related businesses and small rural farmers, to access capital. By helping minimize the effect of the social determinants of health on wealth creation and building, we can create a healthier, more prosperous community."

Led by Southwest Georgia Project in partnership with Albany Community Together and Phoebe Putney Memorial Hospital, The Table of Southwest Georgia will provide opportunities for black and rural farmers to scale their operations by aggregating their products to increase income; connect culinary entrepreneurs with space, resources and consumers; and reduce barriers to entry to the food truck industry by giving food service vendors access to commissary kitchens, commercial kitchens and food truck vendors.

"Truist Foundation is deeply committed to ensuring all communities have an equal opportunity to thrive and we believe The Table of Southwest Georgia will help revitalize the Albany community," said Lynette Bell, president of Truist Foundation. "Through this innovative partnership, Albany Community Together will provide access to capital and business development services for food enterprises and agriculture-related businesses of color, acting as a catalyst for change in the local economy as well as the health of local residents."

The Table of Southwest Georgia will create a thriving, centrally located marketplace for SWGP's network of 101 farmers, as well as others. It will expand the production and marketing of local fruits and vegetables from small farms through an aggregation and distribution center as well as a direct-to-consumer farmers' market. The farmers' market will increase the income and intergenerational wealth of local farmers while simultaneously increasing access to affordable, healthy foods for community residents.

Phoebe Putney Health System will create a Health Equity Institute within The Table of Southwest Georgia, using data from the community to develop programs to address the population's healthcare needs. The programs aim to decrease the chronic illnesses in the area through education and integration of policy and advocacy - ultimately creating an environment of health and wellness rather than a community driven by healthcare needs.

Albany Community Together, Inc. (ACT!) provides Capital, Coaching & Connections with a focus on African Americans, other populations of color and low-income persons. We work in partnership with banks to meet the credit needs of small business owners. CDFIs are lenders with a mission to serve small businesses underserved by mainstream finance and a proven model for moving capital into the hardest to serve communities. Our programs serve to close the financial gap, to make the business owner "whole" financially. There are more than 1,100 CDFIs working in all 50 states, the District of Columbia, Guam, and Puerto Rico. For more information, contact Albany Community Together, Inc. at (229) 420-4600.

About Truist Foundation

Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. Truist Foundation's grants and activities focus on building career pathways to economic mobility and strengthening small businesses. Learn more at Truist.com/Foundation.

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Contact Info:
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SOURCE: Truist

View source version on accesswire.com:
https://www.accesswire.com/746771/Albany-Community-Together-Inc-Receives-1-Million-Grant-from-Truist-Foundation

FAQ

What is the purpose of the $1 million grant from Truist Foundation to TFC?

The grant aims to develop The Table of Southwest Georgia, promoting economic prosperity by addressing social determinants of health.

How will the grant impact Albany Community Together, Inc.?

It will enable the establishment of a Community HUB that offers support to local entrepreneurs and improves access to healthy food.

What are the key initiatives of The Table of Southwest Georgia?

The project will support local farmers, provide entrepreneurial resources, and create a Health Equity Institute.

When was the grant from Truist Foundation announced?

The grant was announced on March 30, 2023.