Rural Innovation Stronger Economy (RISE) Reauthorization Act of 2026

Key Points

• This bill would provide $50 million each year from 2027 to 2031 to help rural areas build stronger economies and create new jobs.
• The program focuses on helping small towns with fewer than 20,000 people, with a special rule that at least 10% of the money must go to very small towns of under 10,000 residents.
• It makes the grant rules more flexible so that more types of local businesses and industries can qualify for help, rather than just a few specific categories.
• The goal is to help rural areas that have lost major employers or are struggling with high poverty rates by giving them the tools to start new projects.
• Before a grant is awarded, the local state office for rural development must agree that the project is a good fit for that specific area.

Impact Analysis

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