NEW YORK STATE DIVISION OF HOMELAND SECURITY & EMERGENCY SERVICES: $12.6M Department of Homeland Security Grant
Summary
This $12.6M FEMA grant to the New York State Division of Homeland Security & Emergency Services supports disaster recovery under the Public Assistance program. As a state government recipient, no publicly traded companies are directly impacted, and the contract is a routine allocation with no material market implications.
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Key Takeaways
- 1.The $12.6M FEMA grant is a routine disaster recovery allocation to a state government, not a private company.
- 2.No publicly traded companies are directly or indirectly beneficiaries of this contract.
- 3.Market impact is minimal; this contract does not signal any sector-wide trend or investment opportunity.
Market Implications
This contract has no direct implications for public equity markets. The funds are directed to a government entity for disaster recovery, and no publicly traded companies are involved in the award. Investors should focus on other contract awards with clear corporate beneficiaries.
Full Analysis
The contract award is a $12.6 million project grant from the Department of Homeland Security's Federal Emergency Management Agency (FEMA) to the New York State Division of Homeland Security & Emergency Services. The funding is provided under FEMA's Public Assistance (PA) program, which reimburses state, local, tribal, and territorial governments for disaster response and recovery costs, including debris removal, emergency protective measures, and restoration of public facilities. Since the recipient is a state government entity, there is no direct publicly traded company beneficiary. The contract is a standard disaster relief grant, not a procurement from a private contractor. No related legislation or executive orders directly connect to this specific award, as the PA program is a standing authorization under the Stafford Act. The impact on financial markets is negligible, as the amount is small and flows to a government agency rather than a for-profit entity. Investors should not expect any stock movement from this contract.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
NEW YORK STATE DIVISION OF HOMELAND SECURITY & EMERGENCY SERVICES: $63.5M Department of Homeland Security Grant
TENNESSEE EMERGENCY MANAGEMENT AGENCY: $56.9M Department of Homeland Security Grant
NEW YORK STATE DIVISION OF HOMELAND SECURITY & EMERGENCY SERVICES: $67.6M Department of Homeland Security Grant
ADJUTANT GENERAL SOUTH CAROLINA: $11.3M Department of Homeland Security Grant
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Contract Details
Recipient
NEW YORK STATE DIVISION OF HOMELAND SECURITY & EMERGENCY SERVICES
Award Amount
$12,601,056
Awarding Agency
Department of Homeland Security
Sub-Agency
Federal Emergency Management Agency
Contract Type
PROJECT GRANT (B)
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