Rural Innovation Stronger Economies (RISE)

The summary for the Rural Innovation Stronger Economies (RISE) grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Rural Business Cooperative Service, which is the U.S. government agency offering this grant.
Rural Innovation Stronger Economies (RISE): The Rural Business-Cooperative Service (RBCS, Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), invites applications under the Rural Innovation Stronger Economy (RISE) program for fiscal year (FY) 2023, subject to the availability of funding. The Agency has $2,000,000 available for the RISE Program for FY 2023. Selected applicants will use Agency grant funds to provide financial assistance in support of innovation centers and job accelerator programs that improve the ability of distressed rural communities to create high wage jobs, accelerate the formation of new businesses, and help rural communities identify and maximize local assets.
Federal Grant Title: Rural Innovation Stronger Economies (RISE)
Federal Agency Name: Rural Business Cooperative Service (USDA-RBCS)
Grant Categories: Agriculture, Business and Commerce, Regional Development
Type of Opportunity: Discretionary
Funding Opportunity Number: RD-RBS-24-01-RISE
Type of Funding: Grant
CFDA Numbers: 10.755
CFDA Descriptions: Information not provided
Current Application Deadline: April 1st, 2024
Original Application Deadline: April 1st, 2024
Posted Date: January 26th, 2024
Creation Date: January 26th, 2024
Archive Date: May 1st, 2024
Total Program Funding: $2,000,000
Maximum Federal Grant Award: $2,000,000
Minimum Federal Grant Award: $500,000
Expected Number of Awards: 4
Cost Sharing or Matching: Yes
Last Updated: January 26th, 2024
Applicants Eligible for this Grant
State governments - Public and State controlled institutions of higher education - Native American tribal governments (Federally recognized) - Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education - Others (see text field entitled "Additional Information on Eligibility" for clarification.)
Additional Information on Eligibility
Eligible Applicants. An eligible applicant must be a rural jobsaccelerator partnership formed after December 20, 2018, and meet the eligibility criteria found in 7 CFR 4284.1112 and this Notice to apply for this program.
Link to Full Grant Announcement
RISE Program Web Site
Grant Announcement Contact
Rachel Reister
RISE Program Contact
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Rural Innovation Stronger Economy Grant Program
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