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The RISE Act requires the Small Business Administration, the Appalachian Regional Commission, and the Delta Regional Authority to enter into a memorandum of understanding within 120 days to coordinate activities that expand rural entrepreneurship and support small businesses in Appalachia and the Delta region. The agencies may collaborate with other federal entities and enter into reimbursable agreements to maximize effectiveness. Within two years, the covered officials must submit a joint report to Congress detailing coordination efforts, number of entrepreneurs assisted, opportunities for capacity expansion, and plans for continued collaboration.
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