On September 30, 2007, the Department of Homeland Security announced the awarding of over $6.1 million in supplementary Port Security Grant funds to the ports of San Francisco, Oakland, Richmond and Stockton, California.
The San Francisco Marine Exchange was selected by the Coast Guard Federal Maritime Security Coordinator as the fiduciary agent to oversee the use of these funds on behalf of the Northern California Area Maritime Security Committee.
The Port of Redwood City received an additional award of $33,000.00.
These funds are to be used to enhance seaport security, mitigate seaport risks, and aid the resumption of seaport trade following an incident or disaster.
The funds will be spent in accordance with a risk mitigation and resumption of trade plan that will be developed to steer the use of future Port Security Grant funds over the next five years.