Rural Innovation Stronger Economy

RISE Grant Program
CFDA 10.755 Active Grant
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Program Objective

To help struggling communities by funding job accelerators in low-income rural communities by supporting jobs accelerator partnerships to improve the ability of distressed rural and energy communities to create high wage jobs, accelerate the formation of new businesses, and help rural communities identify and maximize local assets.

Eligibility

Eligible Applicants

  • Municipality/Township Government
  • Local Government Consortium

Rural Jobs Accelerator Partnerships comprised of key community and regional stakeholders formed after December 20, 2018 are eligible to apply. Partnership criteria and requirements may be found at 7 CFR 4284.1112.

How to Apply

Award Procedure

The National Office will review applications to determine if they are eligible for assistance based on requirements in 7 CFR part 4284, subpart L, this notice, and other applicable Federal regulations. If determined eligible, your application will be scored by a panel of USDA employees in accordance with the point allocation. Applications will be funded in rank order until the funding limitation has been reached. Applications that cannot be fully funded may be offered partial funding at the Agency’s discretion.

Decision Timeline

  • Approval: From 60 to 90 days
Program details & compliance

Description

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.

Mission Categories

Primary: Small Business

Other categories:
Economic Development

Use of Funds

Allowed Uses

The applicant project outcome must accelerate the formation of new businesses with high-growth potential, improve the ability of rural businesses and distressed rural communities to create high-wage jobs, and strengthen rural regional economies. Eligible uses include the following costs incurred after a complete application has been received by the Agency: 1. Costs directly related to the purchase or construction of an innovation center 2) Costs directly related to operations of an innovation center including including purchase of equipment, office supplies, and administrative costs including salaries directly related to the project; (3) Costs directly associated with support programs to be carried out at or in direct partnership with job accelerators; (4) Reasonable and customary travel expenses directly related to job accelerators and at rates in compliance with 2 CFR 200.474; (5) Utility costs, operating expenses of the innovation center and job accelerator programs and associated programs

Restrictions

The following are not eligible: (1) Costs associated with preparation of an application package under this notice; (2) Costs incurred prior to Agency receipt of a complete application for the grant request made under a funding notice; (3) Funding of any political or lobbying activities; (4) Payment for assistance to any private business enterprise which does not create and/or support jobs in a rural area of the United States; (5) Payment of any judgment or debt owed to the United States; (6) Duplicate current services or substitute support previously provided. If the current service is inadequate, however, grant funds may be used to expand the level of effort or services beyond what is currently being provided; (7) To fund a part of a project that is dependent on other funding unless there is a firm commitment of the other funding to ensure completion of the project; (8) Pass through grants; and (9) costs associated with hemp production, unless a hemp producer has a valid license issued from an approved State, Tribal or Federal plan as per Section 10113 of the Agriculture Improvement Act of 2018, Public Law 115–334 (verification of valid hemp licenses will occur at the time of award).

Matching Requirements

The Federal share of the cost of any activity carried out using a grant under this section shall not be greater than 80 percent.

Reporting & Compliance

Records Retention
3 years

Applicable 2 CFR 200 Subparts

  • Subpart B — General Provisions
  • Subpart C — Pre-Federal Award Requirements
  • Subpart D — Post-Federal Award Requirements
  • Subpart E — Cost Principles
  • Subpart F — Audit Requirements

Formula

Title VI, Subtitle D, Section 6424

Contacts

Will Dobson
202-720-1400
1400 Independence Ave, SW, Washington, DC 20250
Data from SAM.gov Federal Assistance Listings. Source published: 2026-02-04. Spec v2.0. Last synced: 2026-05-29 05:34:20.