Small Business Recovery after Natural Disasters

Martin Hiti, Claire Kramer Mills and Asani Sarkar
Additional contact information
Claire Kramer Mills: https://www.newyorkfed.org/regional/ckramer

No 20220906b, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The first post of this series found that small businesses owned by people of color are particularly vulnerable to natural disasters. In this post, we focus on the aftermath of disasters, and examine disparities in the ability of firms to reopen their businesses and access disaster relief. Our results indicate that Black-owned firms are more likely to remain closed for longer periods and face greater difficulties in obtaining the immediate relief needed to cope with a natural disaster.

Keywords: climate risk; small business; minority-owners; disaster relief; credit; Sandy; inequality (search for similar items in EconPapers)
JEL-codes: D63 G21 (search for similar items in EconPapers)
Date: 2022-09-06
New Economics Papers: this item is included in nep-ent and nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
https://libertystreeteconomics.newyorkfed.org/2022 ... r-natural-disasters/ Full text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fednls:94733

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Liberty Street Economics from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Gabriella Bucciarelli ().