Business Disaster Case Studies

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This report includes the case studies listed above from Southwest Arkansas, East Central Iowa, Greater New Orleans, and the Texas Gulf Coast.

This project is supported by EDA under Agreement Nos. Any opinions, findings, or recommendations expressed in these case studies are those of the author and do not necessarily reflect the views of EDA or the NADO Research Foundation.

These regions and communities are taking advantage of the opportunities natural disasters can provide to rebuild better and stronger than before.

While extreme weather events are traumatizing and bring many new challenges, they also offer chances to re-envision the community’s future, identify strengths to capitalize on and weaknesses to address, and target recovery funding accordingly.

The Insurance Information Institute estimates that 15 to 40 percent of the businesses affected by natural and manmade disasters never reopen.[1] When businesses and industries fail or falter, the communities they serve can feel serious impacts, ranging from a lack of access to goods and services to the loss of income and jobs.

Communities and regions across the country are protecting their economies from the devastating consequences of disasters by putting innovative mitigation, response, and recovery strategies into action.Additionally, EDA’s strong relationship with the nation’s 380 Economic Development Districts (EDDs) enables it to provide effective disaster recovery funding to communities in need.EDDs are particularly well-positioned to lead regions through the recovery process.Additionally, they possess strong technical skills, broad expertise, and solid understanding of their regions’ challenges and opportunities, and can provide critical capacity that local governments may lack.This case study series produced by the NADO Research Foundation highlights the efforts of EDDs that have received disaster recovery funding from EDA.Metrics, measures, and KPI’s are a hot topic in the growing age of big data.But what metrics make sense for business continuity?Read more about the importance of having a disaster recovery plan in place.In the wake of natural disasters, local and regional economies are extremely vulnerable.Unfortunately, severe weather and climate change have become costly and unpredictable parts of our lives.However, sharing stories and strategies through these case studies and other resources can help us to be better prepared the next time the storm clouds gather.