The Houston Chronicle published an eye-opening story about how extreme weather events are leaving many small businesses in ruins. The paper reported that, according to the Federal Emergency Management Agency, nearly 40 percent of small businesses never reopen following a natural disaster, and another 25 percent fail within months.
Why This Matters: Big companies can recover from extreme weather events, but small businesses with slim profit margins will struggle to stay afloat. Red states along the Gulf of Mexico may be ground zero of this phenomenon, along with California. Helping small businesses recover is another climate impact we will need to deal with in the years to come given the increase in the frequency of extreme weather events.Continue Reading 424 words