NEW MEXICO DEPARTMENT OF HOMELAND SECURITY AND EMERGENCY MANAGEMENT: $37.0M Department of Homeland Security Grant
Summary
This $37M FEMA Public Assistance grant to the New Mexico Department of Homeland Security and Emergency Management supports disaster recovery and hazard mitigation for state and local governments. No publicly traded company is directly involved, but the contract signals ongoing federal investment in infrastructure resilience.
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Key Takeaways
- 1.FEMA continues to disburse substantial grants for state-level disaster recovery, reinforcing infrastructure spending.
- 2.No publicly traded companies are direct beneficiaries of this contract, limiting immediate stock market impact.
- 3.The related bill HR10281 signals legislative support for FEMA's role, but its neutral impact rating suggests limited market catalysts.
Market Implications
The contract has negligible direct market implications as the recipient is a state government. However, the broader trend of FEMA PA grants supports the infrastructure sector, particularly companies involved in debris removal, construction, and emergency management services. Without a specific public company recipient, stock price movements are unlikely.
Full Analysis
The contract is a $37M project grant from FEMA to the New Mexico Department of Homeland Security and Emergency Management under the Public Assistance (PA) program. It funds debris removal, emergency protective measures, and restoration of disaster-damaged public facilities, as well as hazard mitigation. Since the recipient is a state government entity, no publicly traded company receives this award directly. The contract aligns with the FEMA for Safe Recovery Act (HR10281), which aims to streamline disaster recovery processes. While no specific public companies benefit, the contract underscores sustained federal spending on infrastructure resilience, which indirectly supports contractors and suppliers in the disaster recovery ecosystem. However, due to the private nature of the recipient, no tickers can be assigned.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
OFFICE OF EMERGENCY SERVICES: $36.9M Department of Homeland Security Grant
NORTH CAROLINA DEPARTMENT OF PUBLIC SAFETY: $19.5M Department of Homeland Security Grant
PUBLIC SAFETY, MISSOURI DEPARTMENT OF: $105M Department of Homeland Security Grant
OFFICE OF EMERGENCY SERVICES: $36.8M Department of Homeland Security Grant
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Contract Details
Recipient
NEW MEXICO DEPARTMENT OF HOMELAND SECURITY AND EMERGENCY MANAGEMENT
Award Amount
$37,024,256
Awarding Agency
Department of Homeland Security
Sub-Agency
Federal Emergency Management Agency
Contract Type
PROJECT GRANT (B)
Related Bills
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