Rural Innovation Stronger Economy (RISE) Grants
To 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.
Applicant and/or Project Eligibility Requirements
Eligible applicants are rural jobs accelerator partnerships with expertise in delivering economic and job training programs
The Rural Business Cooperative Service (BRCS) Administrator may award points for projects that advance identified Rural Development Key Priorities, including "Addressing Climate Change and Environmental Justice".
Funds can be used to: Build or support a business incubator facility; Provide worker training to assist in the creation of new jobs; Train the existing workforce with skills for higher-paying jobs; Develop a base of skilled workers and improve their opportunities to obtain high-wage jobs in new or existing local industries.
The RISE program is enacted through the 2018 Farm Bill, which expires in FY 2023. The program continuity is subject to the new Farm Bill expected from Congress by the end of 2023.