The Rural Innovation Stronger Economy (RISE) Reauthorization Act of 2024 reauthorizes and expands a federal grant program that helps rural communities develop economic opportunities through partnerships and workforce development. The bill modifies the program to focus more broadly on rural development rather than specific industry clusters, and requires the Department of Agriculture to prioritize very small rural communities with populations under 20,000 residents, dedicating at least 10 percent of annual grant funding to communities with fewer than 10,000 people. Funding would increase substantially from $10 million per year through 2024 to $50 million annually from 2025 through 2029, providing rural areas with significantly more resources for economic innovation and development. The changes simplify the grant requirements and give state rural development offices more involvement in selecting grant recipients.
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