Rural Innovation Stronger Economy (RISE) Grants

USDA Department: Rural Development

Application period: ???-April

Awards Range: $500,000 to $2,000,000

Match: None

Intended applicants: 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

Grant focus: New job and business development

Summary: 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 RISE grant 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

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