Program Name: Rural Innovation Stronger Economy (RISE) Grant Program
Organization: United States Department of Agriculture – Rural Development
Address: 2118 W. Part Court, Suite A, Champaign, IL 61821
Phone: 217-403-6200
Briefly Describe the Purpose of the Program
Helps create high-wage jobs and accelerate the formation of new businesses. It also supports industry clusters and maximizes the use of local assets in lower-income rural areas.
Year Program Established:
Eligibility Requirements or Restrictions
Open to: Government organizations, nonprofits, federally recognized Tribes, and institution of higher education. Terms and Conditions: Grants range from

$500,000 – $2 million with a four-year-term.

Application Deadline: Not funded in FY 2024
Application Guidelines:
Funding Cap Per Application or Fiscal Year Program Funding:
How Must Funds Be Used:
Grants can be used to build or support a business incubator facility, provide trainings, and improve opportunities for workers to get high-wage jobs in new or existing local industries.