Leadership in Times of Crisis: A Toolkit for Economic Recovery and Resiliency, a resource developed by IEDC with funding from the U.S. Economic Development Administration, provides useful information and resources on disaster preparedness, crisis response, business continuity and recovery strategies that your business or community can use to mitigate against the risks posed.

The following actions encourage reinvestment and facilitate private sector June 10, 2020. By Lorence Heikell 29 September, 2015 Microsoft News Center Staff. As the only federal government agency focused exclusively on economic development, the U.S. Department of Commerce’s Economic Development Administration (EDA) plays a critical role in fostering regional economic development efforts in communities across the nation. After a major disaster, the California Disaster Recovery Framework suggests the activation of the State Economic Recovery Support Function (RSF) to provide guidance to State-level Economic leadership, members, and potential partners in support of the Economic Core Capability: . In the short term, they cost homeowners and insurance companies billions. EAA projects can include, but are not limited to: “strategy grants” to create or update a Comprehensive Economic Development Strategy or disaster recovery plan;

They also include non-weather events such as earthquakes, mudslides, volcanoes, and wildfires..

Without an economic recovery strategy, a disaster incident can cause a micro-recession, which could negatively affect your community for years.

Below are descriptions of IEDC’s initiatives from most recent to …

WEDC will contract with regional entities to distribute and administer these loans in their respective geographic areas of the state, as applicable. Economic development and recovery, especially in areas where these impacts have been exacerbated by a lack of reliable, high-speed internet, will increasingly rely on expanding access. Natural disasters are damaging events that include extreme weather such as blizzards, droughts, floods, heat waves, hurricanes, lightning strikes, tornadoes, and tsunamis. The State is currently in the process of translating the Action Plan into Spanish.

The Department of Community & Economic Development (DCED) provides access to many disaster recovery resources for individuals, local government officials, and communities that enable them to rebuild, enact preventative measures, and remain resilient after a natural disaster strikes. Economic Recovery after a Disaster. Leadership in Times of Crisis: A Toolkit for Economic Recovery and Resiliency, a resource developed by IEDC with funding from the U.S. Economic Development Administration, provides useful information and resources on disaster preparedness, crisis response, business continuity and recovery strategies that your business or community can use to mitigate against the risks posed. WEDC will contract with regional entities to distribute and administer these loans in their respective geographic areas of the state, as applicable. Providing immediate recovery funding in this manner is a best practice in community economic disaster recovery and leads to improved odds of a business reopening and remaining open long-term. Steps taken by local leaders in the first critical hours, days and weeks can make a significant difference in offsetting this detrimental side effect of an already unfortunate situation. Phase 2 uses $90 million to bring economic support through financial assistance to struggling businesses, housing and community recovery efforts, broadband expansion, and regulatory modernization. Mississippi disaster recovery agency focused on post-Katrina long-term housing assistance, infrastructure reconstruction and economic recovery on the Mississippi Gulf Coast. Of that 28 billion, Missouri will receive an allocation of $58,535,000 in disaster recovery funds to help alleviate the unmet housing, infrastructure, and economic. UN and Microsoft aid disaster recovery, economic development in Nepal. Business Disaster Recovery Resources: To simplify your business recovery effort we have put together a list of resources and agencies to contact if you need more information. EDA's role in disaster recovery is to facilitate the timely and effective delivery of Federal economic development assistance to support long-term community economic recovery planning and project implementation, redevelopment and resiliency.

New June 12, 2020: Governor Phil Scott today announced the second phase of the Administration’s $400 million dollar Economic Recovery and Relief Package.

When disaster strikes, we are here to help. Providing immediate recovery funding in this manner is a best practice in community economic disaster recovery and leads to improved odds of a business reopening and remaining open long-term. The economic development program for the State of Mississippi is designed to meet the most pressing needs of people and communities that were most impacted by the destruction caused by Hurricane Katrina. Steps taken by local leaders in the first critical hours, days and weeks can make a significant difference in offsetting this detrimental side effect of an already unfortunate situation. The Department of Community & Economic Development (DCED) provides access to many disaster recovery resources for individuals, local government officials, and communities that enable them to rebuild, enact preventative measures, and remain resilient after a natural disaster strikes.