Examining the Scope of Hurricane Florence’s Impact on Small Firms

Carolina Small Business Development Fund Research Spotlight



ABSTRACT

In the immediate aftermath of Hurricane Florence, little data was available on how North Carolina’s small business community might be impacted. Drawing on existing data allowed a high-level overview of how many small firms operated in counties hardest hit by the storm. These findings, which have since been confirmed by more rigorous economic modeling, show the state’s entrepreneurs will need ongoing assistance to fully recover.


WHY THIS MATTERS

Natural disasters upend economic systems and disrupt small business social capital networks. North Carolina’s eastern region has suffered from multiple strong hurricanes in recent decades, which has decimated the small business ecosystem.



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SUGGESTED CITATION:

McCall, Jamie. 2018. “Examining the Scope of Hurricane Florence’s Impact on Small Firms.” Carolina Small Business Development Fund. https://carolinasmallbusiness.org/publications/hurricane-florence-impacts/.

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