; (iv) to support innovation and entrepreneurship; and (v) to promote private investment in the rural regional economy; (F) other grants or loans of the Secretary and other Federal agencies that the jobs accelerator would be able to leverage; and (G) prospects for the proposed center and related programming to have sustainability beyond the full maximum length of assistance under this subsection, including the maximum number of renewals. (4) Grant term and renewals (A) Term The initial term of a grant under paragraph (1) shall be 4 years. (B) Renewal The Secretary may renew a grant under paragraph (1) for an additional period of not longer than 2 years if the Secretary is satisfied, using the evaluation under subsection (e)(2), that the grant recipient has successfully established a jobs accelerator and related programming. (5) Geographic distribution To the maximum extent practicable, the Secretary shall provide grants under paragraph (1) for jobs accelerators and related programming in not fewer than 25 States at any time. (c) Grant amount A grant awarded under subsection (b) may be in an amount equal to— (1) not less than $500,000; and (2) not more than $2,000,000. (d) Use of funds (1) In general Subject to paragraph (2), funds from a grant awarded under subsection (b) may only be used— (A) to construct, purchase, or equip a building to serve as an innovation center, which may include— (i) housing for business owners or workers; (ii) co-working space, which may include space for remote work; (iii) space for businesses to utilize with a focus on entrepreneurs and small and disadvantaged businesses but that may include collaboration with companies of all sizes; (iv) job training programs; and (v) efforts to utilize the innovation center as part of the development of a community downtown