The US Department of Transportation has announced the FY 2023 RAISE grant program. This program will provide $1.5 billion for a wide range of infrastructure and multimodal transportation projects with the goal of making the transportation system safer, more accessible, and more sustainable for people across the country. Funding is available for both planning and capital projects.
The RAISE 2023 grant is an excellent opportunity to complete transportation infrastructure projects with a priority on safety, equity, and sustainability. A $35 million set aside for historically disadvantaged communities also gives Tribal communities a competitive advantage in the application process.
Urban capital projects have a minimum award of $5 million and a maximum award of $25 million per project. Rural capital projects have a minimum award of $1 million and a maximum award of $25 million per project. The minimum award amount does not apply to planning projects.
Projects located in urban areas can receive a federal cost share up to 80%.
Projects located in rural areas, areas of persistent poverty, or historically disadvantaged communities can receive a federal cost share up to 100%. Projects on Tribal lands are likely eligible to receive a 100% federal.
The application deadline for RAISE 2023 is Feb. 28, 2023. Applications require a significant amount of time for preparation and completion, so all applicants are strongly encouraged to start preparations now and make submissions in advance of the deadline.
Baker Tilly has a team of professional consultants with experience developing RAISE grant applications. We can provide support services to your staff in the form of application review and editing, or we can provide comprehensive grant writing and management services.
Please contact Baker Tilly staff to schedule an initial consultation to learn more about the RAISE grant program.