Rural Innovation Stronger Economy (RISE) Reauthorization Act of 2026

This bill reauthorizes and expands the Rural Innovation Stronger Economy (RISE) grant program, providing $50 million annually from 2027 to 2031 to support economic development in rural communities. It specifically targets small rural areas, requiring that at least 10% of funds annually go to communities with fewer than 10,000 residents and encouraging broad representation across diverse rural community types. The bill removes previous references to "industry clusters" and instead focuses on grants supporting local economic activities, networks, and regional partnerships. It directly affects rural counties and towns seeking federal funding for projects like workforce training, infrastructure, and business development. The program aims to strengthen economic opportunities in underserved rural regions through targeted grant funding.