New report from the CRS: Small Business Administration: A Primer on Programs and Funding (45 pp.)
From HSToday: A Resilience Framework for Businesses to Recover from a Pandemic Outbreak, by Joshua Sinai. He is a Washington, DC-based consultant on homeland security issues.
From Politico: Forget Washington — corporate America is focused on governors right now. An excerpt:
With the Trump administration taking a backseat to state leaders on coronavirus mitigation, companies and trade associations that traditionally rely on relationships with Washington power brokers are instead being forced to reckon with newly emboldened statehouse executives to deal with a fast-evolving commercial crisis.
Florida Workshops Focus on Business Continuity After Disasters. The likelihood of surviving a disaster is increased by good planning before the disaster, from securing property and having a clear crisis communication plan, to forming a post-disaster action plan and backing up files.
New Report: Building Resilience for Coastal Small Busineses. This 60-page report was produced by the Lowlander Center in LA.
Thanks to Alessandra Jerolleman for the citation. As one of the authors, she noted that it was the culmination of a two-year long project focusing on the resilience of small businesses along the Louisiana coast. The project was funded through a grant from Entergy to the Lowlander Center, with Water Works as as sub-consultant,
From the Denver Post: Past disasters show a long recovery for small businesses
For many years the rule of thumb has been that about 30% of small businesses fail after a disaster, but this article says almost 40%. I still wonder where these numbers come from.
Preparing for Potential Disasters; How to increase the resiliency of biotechnology organizations in the face of emergency risks
The Diva gets discouraged reading all of these article about what disaster preparedness measure are still not in place.
See this article from the Wash Post: Report: SBA still unprepared to handle natural disasters. Apparently, the GAO issued a report of recent testimony, but I missed it.
Here is the direct link to the GAO Testimony: SBA: Additional Steps Needed to Help Ensure More Timely Disaster Assistance
From Fortune magazine: How much do natural disasters really cost corporate America? Sales growth of supplier firms directly hit by a natural disaster drops by around five percentage points, according to a study. Some details:
So the key question is: When a shock — like a natural disaster or financial crisis — hits a supplier, what really happens to the firms in that network? Is there a spillover effects? To address this issues, we studied the transmission of shock caused by natural disasters in the past 30 years in the U.S. within the supply chain of publicly traded firms. We analyzed a sample of 2000 large corporations and 4000 of their suppliers.
I happened to be going through some older papers in my save file, and then found free copies to download from the Create Homeland Security Center. Two recent papers are worth reading, in my opinion. See:
- An Economic Framework for theDevelopment of a Resilience Index for Business Recovery, by Rose and Krausmann (2013); and
- Toward a Theory of Economic Recovery from Disasters. (2012) by Rose and Chang