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Small business recovery: lessons from Hurricane Katrina and the COVID-19 pandemic

In: Handbook on the Economics of Disasters

Author

Listed:
  • Maria I. Marshall
  • Bhagyashree Katare
  • Corinne B. Valdivia

Abstract

We explore the lessons learned from small business recovery from Hurricane Katrina that occurred over a decade ago and the recent COVID-19 Pandemic. Data used are from a 2013 survey of small businesses in Mississippi impacted by Hurricane Katrina and a 2020 survey of small businesses during the Coronavirus Pandemic. The Hurricane Katrina data consist of a sample size of 499 small businesses interviewed in 2013. The COVID-19 data were collected in 2020 and consist of 463 small businesses. The results show that financial comingling can have short-term benefits but long-term detrimental effects. The results also indicate that not only does business size matter, but also that direct-to-consumer businesses are more vulnerable to decreased demand by consumers. Finally, for both types of disaster, U.S. Small Business Administration disaster loans seem to have the highest effect on small business recovery.

Suggested Citation

  • Maria I. Marshall & Bhagyashree Katare & Corinne B. Valdivia, 2022. "Small business recovery: lessons from Hurricane Katrina and the COVID-19 pandemic," Chapters, in: Mark Skidmore (ed.), Handbook on the Economics of Disasters, chapter 21, pages 459-471, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19599_21
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