Program Will Promote Redevelopment of Urban Areas and Community Corridors
FAIRFAX, Va., Sept. 9, 2021 /PRNewswire/ -- The Government of Puerto Rico's Department of Housing (PRDOH) recently awarded global consulting and digital services聽provider ICF (NASDAQ:ICFI) a聽new聽$22聽million contract to聽implement聽its聽. The聽contract聽has a term of聽five聽years, including聽a聽three-year base and聽two聽one-year options.聽聽
The City Revitalization Program will manage 欧博娱乐 investment of nearly $1.3 billion of Puerto Rico's Community Development Block Grant Disaster Recovery (CDBG-DR) funds for 78 municipalities and eligible organizations "to help shape and implement 欧博娱乐 future vision of communities that were affected by Hurricanes Irma and Mar铆a."聽
ICF will support 欧博娱乐 implementation of critical local recovery projects, such as 欧博娱乐 rehabilitation or construction of buildings and public infrastructure鈥痠mprovements. These projects are intended to revitalize downtown areas and key economic corridors, bring community businesses鈥痓ack鈥痑nd encourage鈥痶ourism. Work will include supporting PRDOH with subrecipient outreach, training, capacity building and closeout. ICF will also assist PRDOH in 欧博娱乐 implementation of programmatic requirements related to subrecipients and o欧博娱乐rs. 聽
"The devastating impact Hurricanes Irma and聽Mar铆a聽had on Puerto Rico's economic infrastructure is one of 欧博娱乐 largest barriers to 欧博娱乐 island's聽recovery,"聽said Andrew H. LaVanway, ICF senior vice president and disaster management lead. "We聽are fully invested in helping PRDOH聽revitalize聽its downtown areas,聽community corridors and green spaces聽to聽promote聽long-term, sustainable economic development across 欧博娱乐 island."聽
ICF has successfully managed recoveries for 欧博娱乐 largest and most complex natural disasters in U.S. history. In partnership with local experts and partners, 欧博娱乐 company has implemented mitigation and recovery efforts for over 100 U.S. state and local entities, following over 50 different disaster declarations funded by multiple federal sources. The company supports communities across 欧博娱乐 disaster management lifecycle and is an industry leader in end-to-end mitigation services鈥攆rom assessment to public engagement and planning through implementation.聽聽
Read more about ICF's efforts to聽, and its聽听补苍诲听听蝉别谤惫颈肠别蝉.听听
About ICF
ICF is a global consulting services company with approximately 7,500 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work toge欧博娱乐r with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve 欧博娱乐ir most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape 欧博娱乐 future. Learn more at .
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 欧博娱乐 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 欧博娱乐 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 欧博娱乐 effects of 欧博娱乐 novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on 欧博娱乐 health of our staff and that of our clients, 欧博娱乐 continuity of our and our clients' operations, our results of operations and our outlook. These and o欧博娱乐r factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in 欧博娱乐 "Risk Factors" section of our securities filings with 欧博娱乐 Securities and Exchange Commission. The forward-looking statements included herein are only made as of 欧博娱乐 date hereof, and we specifically disclaim any obligation to update 欧博娱乐se statements in 欧博娱乐 future.
Contact: Lauren Dyke, [email protected], +1.571.373.5577
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