Given that Climate Risk Grows, So Usually Costs for Small businesses

Once the climate chance goes up, enterprises of all the categories need in order to place in more of their budgets in order to getting ready for and addressing calamities. Committing to exposure administration can help offset such will set you back, however, many companies, like smaller businesses, might not have the economic autonomy to do it. From inside the , the fresh authors interviewed 273 companies influenced by Hurricane Harvey (and you will analyzed the financing records of five,000) after it hit The southern area of Texas for the 2017 to see how they answered. With this specific research, new online loans Pueblo CO authors highlight new a lot of time-identity implications out-of calamities to own enterprises, and you can express instruction to own policymakers and business owners about how finest to arrange firms getting coming exposure. (more…)