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Federal Register / Vol. 86, No. 113 / Tuesday, June 15, 2021 / Rules and Regulations
J Ensuring rural communities have the capacity and ability to carry out projects related to housing, community facilities, infrastructure, or community and economic development to support regional industry cluster growth;
xii Potential to produce high-wage jobs and benefit rural small and disadvantaged businesses, including a description of the following:
A Describe how the project will develop the skills and expertise of the local workforce, entrepreneurs and institutional partners to meet the needs of employers and prepare high-wage jobs in the targeted industry clusters, which may also include the upskilling of incumbent worker;
B Demonstrate how the project will benefit the skills and expertise of small and disadvantaged businesses, as applicable;
C Demonstrate any participation of higher education, applied research institutions, workforce development entities and community-based organizations, that are willing to partner with the project to provide workers with skills relevant to the industry cluster needs of the region, with an emphasis on the use of on-the-job training, classroom occupational training or incumbent worker training, as applicable; and D Demonstrate any participation of investment organizations, venture development organizations, venture capital firms, revolving loan funders, angel investment groups, community lenders, community development financial institutions, rural business investment companies, small business companies as defined in Section 103 of the Small Business Investment Act of 1958 15 U.S.C. 662, philanthropic organizations, and other institutions focused on expanding access to capital, are committed partners in the job accelerator partnership and willing to potentially invest in projects emerging from the jobs accelerator.
xiii Describe the targeted region, including the following information:
A Provide the latest Census Bureau information on the targeted regions median household income.
B Provide the latest Census Bureau information on the targeted regions educational attainment, specifically the percentage of the population who hold a bachelors degree.
C Discuss how any direct career training will be provided to existing residents of the region existing residents being those persons who live in the region at the time of application submission.
D Discuss any local support for the RISE project.

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E Discuss the entrepreneurial commitment to the RISE project.
F Discuss any innovative processes and technologies to be utilized in the targeted industry clusters of the RISE
project.
G Discuss the initial and continuing capital investment in the RISE project.
H Discuss any demand for regional and global markets of the product and/
or service provided by the targeted industry cluster.
I Discuss if the region contains any areas or communities that qualify for federal initiatives.
J Elaborate on the current broadband service within the region and any plans to leverage the current broadband service or enhance broadband service in the region through the RISE project.
xiv Financial information, including the following:
A Identification of matching funds and other sources of funds for the project. Provide written commitments for matching funds and other sources of funds at the time the application is submitted.
B Current financial statements and a narrative description demonstrating financial feasibility and sustainability of the project, all of which demonstrate sufficient resources and expertise to undertake and complete the project and how the project will be sustained following completion.
c Upon receipt of a complete application, the Agency will determine if the applicant and project are eligible and whether the intended outcomes described meet the requirements of the RISE program. If the application is ineligible or not feasible, the Agency will inform the applicant in writing of the reasons for the Agencys determination and no further evaluation of the application will occur.
4284.1116

Reserved
4284.1117 Scoring RISE grant applications.

The Agency will score each complete and eligible RISE application using the criteria specified in paragraphs a through g of this section, unless otherwise specified in a Federal Register notice, with a maximum score of 100 points possible. Points will be allowed only for factors indicated by well documented, reasonable plans which, in the opinion of the Agency, provide assurance that the items have a high probability of being accomplished.
Points shall be awarded at the discretion of the Agency to scoring criteria with a minimum and maximum number of points available. Applicants that demonstrate the experience or ability to
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deliver the stated criteria will be awarded higher points in that criteria.
a Demonstrated readiness. The Partnership demonstrated readiness in administering the RISE grant successfully and shows strong documentation indicating the potential for success in establishing a jobs accelerator project which targets an industry cluster and the initiatives of the RISE grant program. Points are awarded on a scale of 0 to 10 with a maximum of 10 points being awarded.
b Targeted initiatives. A maximum of 15 points will be awarded for this criterion based on meeting the targeted initiatives as stated in 4284.1115b2xi with action narratives outlined in the application on how and when the initiatives will be delivered. More points will be awarded for reasonable initiatives that can be delivered within 12 months of the grant award and for those projects leveraging improvements in high-speed broadband service to the region.
c Project support. Points will be awarded for the strength of local support of the RISE project and entrepreneurial commitment. A
maximum of 15 points can be awarded for application materials that indicate the strength of support for the RISE
project. Points will be awarded from the partnerships demonstration of its sources of funding, personnel and technical resources committed to the project, and a focus on the inclusion of institutional partners expanding access to capital and willingness to potentially invest in projects emerging from the jobs accelerator. Points shall also be awarded for demonstrated resources that will sustain the project beyond the term of the RISE grant period.
d Targeted region. A maximum of 20
points will be awarded for this criterion based on the regions demographics according to the latest census information. The applicant must provide adequate documentation to the latest census information to receive points.
1 If the targeted region has a median household income of:
i 50% or less of state median household income; 5 points will be awarded;
ii Over 50% and up to 80% of state median household income; 3 points will be awarded.
2 If the targeted region residents have the educational attainment of a bachelors degree by:
i 10% or less of the population; 5
points will be awarded;
ii Over 10% and up to 30% of the population; 3 points will be awarded.

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