ICF to Expand Disaster Management, Recovery
and Mitigation Services Across Territory
RESTON,
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.
ICF'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.
"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."
Since 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.
For 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 in end-to-end mitigation services—from assessment
to public engagement and planning through implementation.
Read more about ICF's efforts to help rebuild
in Puerto Rico, and their disaster
management services and grants management technology
solutions.
About ICF
ICF is a global consulting and technology
services company with approximately 9,000 employees, but we are not
your typical consultants. At ICF, business analysts and policy
specialists work together with digital strategists, data scientists
and creatives. We combine unmatched industry expertise with
cutting-edge engagement capabilities to help organizations solve
their most complex challenges. Since 1969, public and private
sector clients have worked with ICF to navigate change and shape
the future. Learn more at icf.com.
Caution Concerning Forward-looking
Statements
Statements that are not historical facts
and involve known and unknown risks and uncertainties are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. Such statements may concern our
current expectations about our future results, plans, operations
and prospects and involve certain risks, including those related to
the government contracting industry generally; our particular
business, including our dependence on contracts with U.S. federal
government agencies; our ability to acquire and successfully
integrate businesses; and various risks and uncertainties related
to health epidemics, pandemics, and similar outbreaks. These and
other factors that could cause our actual results to differ from
those indicated in forward-looking statements that are included in
the "Risk Factors" section of our securities filings with the
Securities and Exchange Commission. The forward-looking statements
included herein are only made as of the date hereof, and we
specifically disclaim any obligation to update these statements in
the future.
Contact: Lauren Dyke,
lauren.dyke@ICF.com, +1.571.373.5577
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SOURCE ICF