Rural Innovation Stronger Economy

Active

Assistance listing
10.755
Agency
Grant awards
6 $4,000,000 in federal obligations

Program facts

Also known as
RISE Grant Program
Assistance type
  • Project Grant
Treasury account
  • 12-1902-0-1-452
More information

Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.

About this program

The Department of Agriculture Rural Business-Cooperative Service funds job accelerator partnerships and innovation centers in distressed rural communities through the Rural Innovation Stronger Economy (RISE) program, CFDA 10.755, with the most recent grant awards disbursed in September 2023.

The program supports Rural Jobs Accelerator Partnerships—coalitions of community and regional stakeholders formed after December 20, 2018—to establish or operate innovation centers and job accelerator programs that create high-wage employment, accelerate new business formation, and help rural communities leverage local assets. Eligible costs include purchase or construction of innovation centers in rural areas, equipment and office supplies, staff salaries directly tied to the project, operations and utilities, job accelerator support programs, travel at federal rates, and administrative costs capped at 10 percent of the grant amount. Grant funds cover up to 80 percent of eligible project costs. Grants are non-renewable but may be extended up to two additional years with written approval.

Six Project Grants totaling $4 million in federal dollars have been obligated over the past two years at a steady cadence of three awards per year. Recent awards ranged from $503,217 to $749,463. The Department of Agriculture Rural Business-Cooperative Service is the sole funding agency under this program.

The most recent solicitation, RD-RBS-24-01-RISE, was posted January 26, 2024 with an April 1, 2024 due date and offered $2 million for FY 2023. Applicant types include 501(c)(3) nonprofits, state and tribal governments, higher education institutions, and other entities. Applications are accepted through Grants.gov, scored by USDA staff, and funded in rank order; funding decisions are made by September 15th. Awards range from $500,000 to $2 million minimum and maximum per grant, respectively. Recipients must retain financial records for at least three years after grant completion. Grants must be used on approved projects within a four-year timeframe.

Objective and description

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 formatio

Eligibility

Applicant eligibility

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.

Uses of assistance

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

Length and time phasing of assistance

Funding decisions will be made by September 15th. Funds must be used on approved projects within a 4- year timeframe.

How to apply

Application procedure

Applications will only be accepted through Grants.gov. Contents of a complete application package are available at 7 CFR 4284.1115.

Criteria for selecting proposals

RISE grant applications will be evaluated, assigned priority points as described in 7 CFR 4284.1117 and ranked from highest to lowest score for funding consideration, subject to the availability of funding.

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.

Renewals

Grants may not be renewed. The Agency may approve requests to extend the grant period for up to an additional two-year period. Requests must be made and approvals granted in writing.

Appeals

Agency decisions that are adverse to the individual participant are appealable, while matters of general applicability are not subject to appeal; however, such decisions are reviewable for appealability by the National Appeals Division (NAD). All appeals will be conducted by NAD and will be handled in accordance with 7 CFR part 11.

Grant opportunities

Opportunity Status Posted Applications due
Rural Innovation Stronger Economies (RISE) RD-RBS-24-01-RISE Closed
Rural Innovation Stronger Economies (RISE) RD-RBS-23-01-RISE Closed
Rural Innovation Stronger Economy Grant Program RD-RBS-22-01-RISE Closed
Rural Innovation Stronger Economy Grant Program RD-RBS-21-01-RISE Closed

Grant awards

Top recipients by federal obligations

Federal obligations by fiscal year

Fiscal year Federal obligations
FY2023 $2,000,000
FY2022 $2,000,000

Quick answers

What is Assistance Listing 10.755?

Assistance Listing 10.755 is Rural Innovation Stronger Economy, a federal grant program run by Rural Business Cooperative Services (Washington Office).

What is the CFDA number for Rural Innovation Stronger Economy?

Its CFDA number is 10.755: Assistance Listing numbers were called CFDA numbers before 2018.

How much funding has Assistance Listing 10.755 awarded?

6 grant awards under 10.755 have obligated $4,000,000 in federal funds to 6 recipients.

Who receives the most funding from 10.755?

The recipients obligated the most under Rural Innovation Stronger Economy are City Of Wilson ($749,463), Mohave County Community College District ($747,320) and University Of Missouri System ($729,919).

Are there open grant opportunities under 10.755?

No opportunity listed under 10.755 is open now. The latest, Rural Innovation Stronger Economies (RISE), was posted on January 26, 2024.

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