The FED Said 2017 Small Business Credit Survey: Report on Disaster-Affected Firms Forty percent of firms in FEMA-designated disaster areas reported losses from recent storms. We examine which firms were hit hardest and how heavily they depend on aid and credit to get back in business. The Small Business Credit Survey (SBCS), an annual survey […] Read more
According to the Current Employment Statistics payroll survey, seasonally adjusted nonfarm payroll employment declined 33,000 in September. This decline was the first drop in employment since 2010 and followed a 169,000 gain in August. At the same time, seasonally adjusted average hourly earnings in the private sector increased 2.9 percent year over year in September. This […] Read more
Did Harvey Influence the Housing Market? The August housing and construction data are starting to trickle in. So far, the data tell us that residential investment could be a drag on third-quarter gross domestic product growth. They also tell us that U.S. existing home sales were down slightly (-1.65 percent) from the month-earlier level but flat […] Read more
Which is more damaging, a hurricane or a fire. In either case your building, systems, records, power and telecom can be down or lost. Contingency plans are needed to survive for any disaster. The only real difference is how far away your alternate operations site will be. With the Cloud and cyber operations we are “virtually” better off […] Read more
It’s hard to imagine a broader impact scenario for Florida, all those people leaving and then trying to return. Power and support resourced having to be spread throughout the state … yet we were lucky. But here the degree of mitigation we’ve already implemented is telling. The article below on 9/14 put the damage at $180 Billion. […] Read more
How Tampa Bay businesses can keep going in the eye of the storm Employees should be at the top of the list of importance as businesses prepare for a hurricane or other natural disaster. Staging drills, setting up employee contact systems and ensuring mission-critical workers can do their jobs remotely are among the key steps […] Read more