Business
Puerto Rico Awards ICF $84 Million Grants Management Contract
ICF to Expand Disaster Management, Recovery and Mitigation Services Across Territory RESTON, Va., July 29, 2024 /PRNewswire/ -- The Government of Puerto
About this update from Icf International, Inc.
[{"type":"text","content":"ICF to Expand Disaster Management, Recovery and Mitigation Services Across Territory\nRESTON, Va., July 29, 2024 /PRNewswire/ -- The Government of Puerto Rico's Public Private Partnership Authority recently awarded global consulting and digital services provider ICF (NASDAQ: ICFI) an $84 million contract to continue supporting long-term disaster recovery and mitigation efforts across the territory. The recompete contract, which is administered by the Central Office for Recovery, Reconstruction and Resiliency (COR3), has a term of three years, including a one-year base and two one-year option periods.\n\n \n \n \n \n \n \n\n \nICF's disaster management experts, 95% of whom are based on the island, will deliver grant management support to assist COR3 in dispersing Federal Emergency Management Agency (FEMA) funds quickly and compliantly. The company will leverage their proprietary cloud-based grants management platform disasTRAX® to centralize and accelerate grants management and reporting.\n\"COR3 is leading a disaster recovery effort which is unprecedented in scale, scope and complexity,\" said Anne Choate, ICF executive vice president for energy, environment and infrastructure. \"We are proud to continue to play a pivotal role in building local capacity and improving how funds get moved into the hands of local communities more efficiently, ultimately achieving COR3's vision of creating a stronger, more prosperous Puerto Rico.\"\nSince 2018, ICF has partnered with COR3, providing disaster recovery grant management services across multiple disasters ranging from hurricanes Maria, Irma and Fiona to earthquakes and more. Activities include request for reimbursement processing and providing technical support to Puerto Rican government agencies, municipalities and private nonprofit organizations. To date, the company has helped COR3 disburse over $9 billion in funds, including $2 billion in 2023, to accelerate recovery for people and communities in need across the island.\nFor over 20 years, ICF has been on the ground for some of the most significant natural disasters in U.S. history—serving over 150 U.S. state and local communities across over 86 disasters and managing over $88 billion in federal disaster recovery and mitigation funds. The company supports communities across the disaster management lifecycle and is an industry leader...