Description
The Rural Innovation Stronger Economy (RISE) grant program aims to support jobs accelerator partnerships in distressed rural and energy communities. The program focuses on improving the ability of these communities to create high-wage jobs, accelerate new business formation, and help identify and maximize local assets. Grants are awarded competitively, with a minimum award of $500,000 and a maximum award of $2,000,000. The grant funds can be used for various purposes, including the construction or purchase of an innovation center, support for programs carried out in partnership with the jobs accelerator, and administrative costs. The program requires a 20% match of non-federal funds for each activity requesting RISE grant dollars. The application process involves submitting a complete application, including a concept paper, project-specific forms, and a readiness demonstration. The program's goals include linking rural communities to markets and networks, integrating small businesses into supply chains, and developing the skills and expertise of local workforces.
Some key points to consider for this opportunity include:
• The program's focus on distressed rural and energy communities
• The requirement for a 20% match of non-federal funds for each activity
• The various uses of grant funds, including construction, programs, and administrative costs
• The competitive award process
• The need for a complete application, including a concept paper and project-specific forms