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
U.S. Department of Agriculture
Provides leadership on food, agriculture, natural resources, rural development, nutrition, and related issues based on public policy, the best available science, and effective management.
Contact
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