Rural Partnership and Prosperity Act of 2023

The Rural Partnership and Prosperity Act of 2023 establishes two grant programs to support rural economic development. It provides multiyear grants (2-5 years) to partnerships of local governments, nonprofits, tribes, cooperatives, and other entities to coordinate federal, state, and private investments in rural areas, with at least 5% of funds reserved for Indian Tribes. The bill requires applicants to demonstrate partnership cooperation and prohibits using funds for property purchases or for-profit operational costs, while mandating matching funds (25% for most grants, with waivers for high-poverty areas). It also creates technical assistance grants to help rural communities with grant management and planning, and amends the Rural Partners Network to streamline federal coordination and reduce administrative barriers for rural communities seeking funding.