Revitalize Iowa’s Sound Economy (RISE)
Funding provided to assist in promoting economic development in Iowa through construction or improvements of roads and streets. Funding may be in the form of a grant, loan or combination thereof.
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:
Development potential
Economic impact
Local commitment and initiative
Transportation need
Area economic need
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.
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.
Source
Iowa Department of Transportation (DOT)
Eligible Applicants
Iowa cities and counties
Application Deadline
Applications and request forms are accepted throughout the year for Immediate Opportunity projects.
Deadlines for Local Development projects applications and request forms to be turned-in:
February 1
September 1
Award Announcement
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.
Contact Person
Jennifer Kolacia, RISE Program Manager
Iowa Department of Transportation
Systems Planning Bureau
800 Lincoln Way
Ames, IA 50010
Phone: (515) 239-1738