By Daniel J. Alesch, James N. Holly, Elliot Mittler, and Robert Nagy
Business Survival is not Assured by Reopening the Doors
During the PERI-funded research project, we worked with more than 120 small business owners and managers of not-for-profit organizations all across the county to understand what happens to them following various natural disasters. We’ve talked with some a few months after the disaster, with some as many as seven years after the event, and, with still others, every year for five years after the disaster.
We’ve reached several important conclusions that should weigh heavily on any business owner’s decisions about what to do with his or her business in the aftermath of a major disaster:
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