Rural Innovation Stronger Economy (RISE) Grants
U.S. Department of Agriculture
USDA Rural Development Rural Business-Cooperative Service is introducing Rural Innovation Stronger Economy (RISE), a new grant program to help rural communities create good-paying jobs and support new business opportunities in high-growth fields. The new grant encourages a regional, innovation-driven approach to economic development. RISE provides grants of up to $2 million to consortiums of local governments, investors, industry, institutions of higher education, and other public and private entities in rural areas. The funds may be used to form job accelerator partnerships and create high-wage jobs, start or expand businesses, and support economic growth in the rural areas of their region. Funding may also be used to establish and operate innovation centers and partnerships, such as integrating rural businesses into new supply chains, providing workforce training and identifying community assets. To help ensure long-term and sustainable community and economic development, award recipients must support projects for at least four years.