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.
Donor Name: Rural Business-Cooperative Service
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 04/20/2023
Size of the Grant: $500,000- $2,000,000
Grant Duration: 4 years
Details:
The RISE program is a grant program to help struggling communities by funding job accelerators in low-income rural communities. The primary objective of the RISE program is to support jobs accelerator partnerships to improve the ability of distressed rural communities to create high wage jobs, accelerate the formation of new businesses through innovation centers, and help rural communities identify and maximize local assets.
Funding Information
Grant amounts are awarded competitively with a minimum of $500,000 and a maximum grant amount of $2,000,000.
Project Period
The grant term is 4 years.
How may funds be used?
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
Eligible Applicants
- Native American tribal governments (Federally recognized)
- State governments
- Public and State controlled institutions of higher education
- Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Additional Eligibility Requirements
- The rural jobs accelerator partnership must have a lead applicant who is responsible for the administration of the grant proceeds and activities. A lead applicant will be the named applicant on Agency documents and must be one of the following entities listed in 7 CFR 4284.1112(b), which is as follows:
- A district organization;
- An Indian Tribe or a political subdivision of a Tribe, including units, divisions and branches of a tribal government engaged in economic development activities, or a consortium of Indian Tribes;
- A State or a political subdivision of a State, including a special purpose unit of a State or local government engaged in economic development activities, or a consortium of political subdivisions;
- An institution of higher education (as defined in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001)) or a consortium of institutions of higher education; or
- A public or private nonprofit organization.
- Applications will be deemed ineligible if the application includes any funding restrictions identified under Section D.6 of this Notice. Inclusion of funding restrictions outlined in Section D.6 of this Notice precludes the Agency from making a federal award.
For more information, visit Grants.gov.
