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USDA LAUNCHES GRANT PROGRAM TO HELP EXPAND REGIONAL ECONOMIES AND CREATE HIGH-WAGE JOBS IN DISTRESSED RURAL COMMUNITIES

United States Department of Agriculture (USDA) Rural Development Rural Business-Cooperative Service Administrator Karama Neal unveiled a new grant program to help rural communities create good-paying jobs and support new business opportunities in high-growth fields. Rural Innovation Stronger Economy (RISE) is intended to help rural communities identify and maximize local assets and connect to networks and industry clusters within their region. The new grant encourages a regional, innovation-driven approach to economic development. RISE provides grants of up to $2 million to consortiums of local governments, investors, industry, institutions of higher education, and other public and private entities in rural areas. The funds may be used to form job accelerator partnerships and create high-wage jobs, start or expand businesses, and support economic growth in the rural areas of their region.

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