Rural Business-Cooperative Service Funding Opportunity

Federal Register (full link below)

This notice announces that the Rural Business-Cooperative Service (Agency) is accepting fiscal year (FY) 2021 applications for the Rural Innovation Stronger Economy (RISE) program. The program funding level for FY 2021 is a total of $10 million. The purpose of this program is to provide financial assistance to support job accelerator partnerships that 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.

Completed applications must be submitted electronically by no later than 11:59 p.m. Eastern time, August 2, 2021, through, to be eligible for grant funding.

Program guidance as well as an application template may be obtained at​RISEgrant-program.

The Agency encourages energy communities to utilize the RISE program to support workforce development; identify and maximize local assets; spur job creation; and connect to regional opportunities, networks, and industry clusters.

To focus investments to areas for the largest opportunity for growth in prosperity, the Agency encourages applications that serve the smallest communities with the lowest incomes, with an emphasis on areas where at least 20 percent of the population is living in poverty, according to the American Community Survey data by census tracts.