Resource Details

Business, Economic Development, Workforce

Rural Innovation Stronger Economy (RISE) Grants

The Rural Innovation Stronger Economy (RISE) Grant Program offers grant assistance to create and augment high-wage jobs, accelerate the formation of new businesses, support industry clusters and maximize the use of local productive assets in eligible low-income rural areas.

Grant amounts are awarded competitively with a minimum of $500,000 and a maximum grant amount of $2,000,000. The grant term is 4 years.

Eligibility

ELIGIBLE APPLICANTS are rural jobs accelerator partnerships with expertise in delivering economic and job training programs, consisting of the following:

Non-profit entities
State entities
Tribal entities
Institutions of higher education
Public bodies

ELIGIBLE PROJECTS include:
Building or supporting a business incubator facility
Providing worker training to assist in the creation of new jobs
Training the existing workforce with skills for higher-paying jobs
Developing a base of skilled workers and improve their opportunities to obtain high-wage jobs in new or existing local industries

Top Benefits

  • The RISE program will improve the ability of rural communities to create high-wage jobs, accelerate the formation of rural businesses, and strengthen regional economies
  • The flexible use of funds by RISE grant recipients allows a region to leverage their community assets

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