VirTra Inc (VTSI)

[sharpchicity]

Great find! I posted yesterday (https://stocktwits.com/sharpchicity) about mandatory training and the $42M JAG funding, but other comments in your doc about de-escalation were not in the ones i found. A very conservative estimate, with > $70M being provided towards grants for de-escalation training, might mean at least $10M goes to VirTra who are the leaders in the space. And if you think that training will continue beyond 2022, this might be a year after year tailwind! At only ~$20M in revenue, huge growth opportunity to go along with the military orders.


"Technical Assistance to Law Enforcement Agencies.—The Com-mittee recommends $15,000,000 for grants that will support: (1) the cost of assisting the State or Indian Tribe in which the law en-forcement agency is located in complying with the reporting re-quirements described in section 224 of H.R. 1280; (2) the cost of es-tablishing necessary systems required to investigate and report in-cidents as required under subsection (b)(4); (3) public awareness campaigns designed to gain information from the public on use of force by or against local and tribal law enforcement officers, includ-ing shootings, which may include tip lines, hotlines, and public service announcements; and (4) use of force training for law en-forcement agencies and personnel, including training on de-esca-lation, implicit bias, crisis intervention techniques, and adolescent development"

"Community Support for Victims of Hate Crime.— In addition to the Matthew Shepard grants, the Committee recommends
$30,000,000 for grants awarded to community-based organizations that will further community-based strategies for conflict resolution and community empowerment and education. Grants will be pro-vided to community-based organizations and civil rights groups to implement and facilitate educational classes and community serv-ices for defendants convicted of hate crimes directly related to the community harmed by the offense; culturally competent and lin-guistically appropriate public education campaigns on the collection of data and public reporting of hate crimes; safety ambassadors to escort vulnerable community members in public places; in-language support for victims and/or surviving families of hate crimes, includ-ing mental health support; provide upstander, de-escalation trainings in multiple languages; and other community-based strate-gies deemed appropriate for communities of color and other vulner-able and historically disadvantaged communities. "

"Community Policing Development (CPD).—The Committee rec-ommends $35,000,000 for CPD, for competitive grants provided di-rectly to law enforcement, including training programs. Of this amount, (1) $15,000,000 is for officer training in de-escalation tech-niques, of which no less than $4,000,000 is for grants to regional de-escalation training centers that are administered by accredited institutions of higher education and offer de-escalation training cer-tified by a national certification program; (2) $5,000,000 is for as-sisting agencies with gaining accreditation to ensure compliance with national and international standards covering all aspects of law enforcement policies, procedures, practices, and operations, of which no less than $1,500,000 is to be provided for small and rural law enforcement agencies for this purpose; (3) $3,000,000 is for the CPD Microgrants program, which provides funding for demonstra-tion and pilot projects that offer creative ideas to advance crime fighting, community engagement, problem solving, and organiza-tional changes to support community policing; (4) $2,000,000 is for grants to support tolerance, diversity, and anti-bias training pro-grams offered by organizations with well-established experience training law enforcement personnel and criminal justice profes-sionals; and (5) $10,000,000 for grants to States to embed mental and behavioral health services with law enforcement, including training programs. The Committee directs the Department to pro-vide a status update on the program within 60 days of the enact-ment of this Act."