STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $172M Department of Homeland Security Federal Award
Summary
This $172M pass-through grant from FEMA to the State of Florida Division of Emergency Management provides direct financial aid to families in disaster areas. As the recipient is a state government entity, no publicly traded companies are directly impacted.
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Key Takeaways
- 1.The $172M grant is a pass-through to disaster-affected families, not a corporate contract.
- 2.No publicly traded companies are beneficiaries; the recipient is a state government entity.
- 3.Market impact is negligible, with no tickers to track or causal chains to establish.
Market Implications
This contract has no direct implications for public equity markets. The funds are directed to individuals, not corporations, so no sector or company will see revenue changes from this award.
Full Analysis
The contract is a $172M direct payment grant from the Department of Homeland Security's Federal Emergency Management Agency (FEMA) to the State of Florida Division of Emergency Management. The funds are designated for pass-through assistance to families affected by disasters, with a period ending September 30, 2023. Since the recipient is a state government agency, there is no publicly traded parent company or direct corporate beneficiary. This type of grant supports disaster relief efforts but does not create revenue streams for public companies. No related legislation from the provided bill signals directly authorizes or appropriates this specific grant, as the bills listed focus on other sectors like healthcare, finance, and government ethics. Supply chain effects are minimal, as the funds flow directly to families rather than through contractors. Historically, FEMA disaster relief grants are routine and do not generate significant market movements for public equities.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
GOVERNOR'S AUTHORIZED REPRESENTATIVE: $1.8B Department of Homeland Security Grant
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $2.9B Department of Homeland Security Grant
GEORGIA EMERGENCY MANAGEMENT AND HOMELAND SECURITY AGENCY: $1.6B Department of Homeland Security Grant
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $800M Department of Homeland Security Grant
KENTUCKY DEPARTMENT OF MILITARY AFFAIRS: $167M Department of Homeland Security Grant
NEW YORK STATE DIVISION OF HOMELAND SECURITY & EMERGENCY SERVICES: $180M Department of Homeland Security Grant
EMERGENCY MGMT DEPARTMENT OF: $102M Department of Homeland Security Grant
A bill to improve handling of vacancies of the Director of National Intelligence, and for other purposes.
Contract Details
Recipient
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT
Award Amount
$172,357,654
Awarding Agency
Department of Homeland Security
Sub-Agency
Federal Emergency Management Agency
Contract Type
DIRECT PAYMENT FOR SPECIFIED USE, AS A SUBSIDY OR OTHER NON-REIMBURSABLE DIRECT FINANCIAL AID (C)
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