RAISE is a local and regional assistance grant that provides discretionary funds for rail, road, transit, and port projects. It was formerly known as the Better Utilizing Investments to Leverage Development (BUILD) Program and before that the Transportation Investment Generating Economic Recovery (TIGER) Program. Through these programs Congress has awarded nearly $9.9 billion over thirteen rounds of funding. The Bipartisan Infrastructure Law included an expansion to RAISE, adding an additional $7.5 billion over five years and expanding the opportunities for local and regional organizations to secure grant money.
The RAISE program is aimed at helping public sector organizations obtain funding for multi-modal, multi-jurisdictional projects that are more difficult to support through traditional DOT programs. While the 2022 grant awards were announced in August 2022, a new funding opportunity will open next year. Projects this year were evaluated specifically in how they would address climate change and racial equality, reduce barriers to opportunity and support creation of good-paying jobs. Find the list of RAISE 2022 recipients here.
RAISE can provide capital funding directly to any public entity, including municipalities, counties, port authorities, tribal governments, MPOs, or others. This contrasts with traditional Federal programs which provide funding only to State DOTs and transit agencies and therefore widens the impact of RAISE through projects that otherwise would not get allocated federal dollars.
While the 2023 Notice of Funding has not yet been issued, typical projects funded by RAISE span a broad spectrum of transportation-related initiatives from new highway and bridge projects and repairs to train rail expansions and the development of multi-model transportation centers. In many cases, a project may not be fully funded by RAISE but rather the grant helps fill the gap in existing State or Federal funds the organization has to apply to it. Critical to the application process is showcasing why the project will improve the safety of communities while addressing the broader social-economic issues top of mind to taxpayers.
The 2022 RAISE awards were announced in August 2022.
The 2023 Notice of Funding Opportunity is expected in November 2022.