The Effects of Natural Disasters on Small Businesses

Between Hurricane Harvey and Hurricane Irma, in addition to other natural disasters, 2017 was a hard year for many communities and businesses across the U.S.

Last week, the Federal Reserve Banks of Dallas, San Francisco, New York, and Richmond released a report about the effects of natural disasters on small businesses. In FEMA-disaster areas, 40% of small businesses reported having losses as the result of a natural disaster, and 27% of those businesses had no insurance.

Below are some of the findings from the report.