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Rural Innovation Stronger Economy (RISE) Reauthorization Act of 2026

This bill extends and expands the RISE grant program to boost local industries and job creation in rural areas. It ensures that smaller communities have better access to federal funding for economic development and innovation.
Key points
Authorizes $50 million in annual funding for rural grants through 2031.
Prioritizes rural communities with populations under 20,000.
Allocates at least 10% of total grant money specifically to very small towns with fewer than 10,000 residents.
Increases flexibility by supporting a wider variety of local industries instead of just specific industrial clusters.
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Status: Introduced
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Additional Information
Print number: 119_S_3861
Sponsor: Sen. Welch, Peter [D-VT]
Process start date: 2026-02-12