Project eligibility.

CFR · 2024-01-01 · US · Title 7

For a project to be eligible to receive a RISE grant under this subpart, the proposed project must meet the requirements specified in paragraphs (a) through (e) of this section. 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 by engaging in one or more of the following eligible uses: (a) The construction or purchase of a building to serve as an innovation center located in a rural low-income community which establishes and/or supports a jobs accelerator and any equipment needs of the innovation center to support the jobs accelerator; (b) Be for the support of programs to be carried out at or in direct partnership with the jobs accelerator or in support of jobs accelerator initiatives including one or more of the following: (1) Linking rural communities and entrepreneurs to markets, networks, industry clusters, and other regional opportunities to support high-wage job creation, new business formation, business expansion, and economic growth of rural communities; (2) Integrating rural small businesses into a supply chain; (3) Creating or expanding commercialization activities for new business formation in rural areas; (4) Identifying and building assets in rural communities that are crucial to supporting regional economies; (5) Facilitating the repatriations of high-wage jobs to the U

official document · source cfr-2024 · id 7:§ 4284.1113