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This listing may be outdated. Verify details at the official source before applying.
Find similar grantsPage references 2024 Local Development deadlines (Feb 1 and Sep 1, 2024) which appear outdated; Immediate Opportunity applications are accepted year-round.
Revitalize Iowa's Sound Economy Program (RISE) is sponsored by Iowa Department of Transportation. Promotes economic development in Iowa through the establishment, construction, and improvement of roads and streets, primarily for industrial, manufacturing, warehousing, distribution, and professional office developments.
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Revitalize Iowa’s Sound Economy (RISE) – Trees Forever Revitalize Iowa’s Sound Economy (RISE) Funding provided to assist in promoting economic development in Iowa through construction or improvements of roads and streets. Eligible Project Criteria Projects must involve construction or improvement of a public roadway.
Project types include: Immediate Opportunity – projects related to an immediate, non-speculative opportunity for permanent job creation or retention. Jobs created are to be value-adding in nature (e.g. manufacturing, industrial, non-retail).
Local Development – projects which support local economic development but which do not require an immediate commitment of funds (e.g. industrial parks, tourist attractions), or do not meet the Immediate Opportunity criteria.
Projects are evaluated using the following five factors: Local commitment and initiative Additional Requirements and Information Local match requirements: Immediate Opportunity projects require a minimum match of 20 percent. Local Development projects require a minimum match of 50 percent. Projects that facilitate relocation of jobs within the state do not qualify for funding.
Iowa DOT staff reviews all road project concepts, cost estimates, plans, and specifications. Project contingencies and reporting requirements will be applied to projects to ensure contingencies are met. This may include company payrolls for Immediate Opportunities or documenting actual land development for Local Development projects.
” Plans and specifications shall be prepared by an Iowa licensed professional engineer. All code of Iowa requirements for public expenditures apply (e.g. right-of-way activities, environmental clearances and letting procedures). Local development applications assisting the redevelopment of brownfield sites receive added consideration.
Local development applications assisting Iowa Economic Development Authority (IEDA) approved certified sites may be eligible to receive additional assistance.
Iowa Department of Transportation (DOT) Immediate Opportunity Projects: applications and request forms are accepted throughout the year, Local Development Projects: applications and request forms are due February 1 2024 and September 1 2024 Immediate Opportunity projects may have a response time as short as a few weeks. Local Development projects typically have a response time of approximately four months.
Jennifer Kolacia , RISE Program Manager Iowa Department of Transportation
Scoring criteria used to review proposals for this grant.
According to the current listing, eligibility includes: All counties and incorporated cities in Iowa; funding generally limited to industrial, manufacturing, warehousing, distribution, and professional office developments. Confirm the full requirements in the official notice before applying.
Revitalize Iowa's Sound Economy Program (RISE) accepts applications on a rolling basis — there is no single fixed deadline. Check the official notice for any cycle-specific review dates.
Revitalize Iowa's Sound Economy Program (RISE) is funded by Iowa Department of Transportation. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Iowa. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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