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Infrastructure upgrades can help US businesses better withstand disasters

from The Pew Charitable Trusts

As flooding and other natural disasters across the U.S. become more costly, businesses are increasingly in need of resilient public infrastructure to help them better withstand extreme weather and shorten the time needed to resume operations. But too many of the country's roads, bridges, hospitals, schools and other public assets are not being built to withstand modern disasters, leaving businesses and the communities they serve at risk. That was a top takeaway from a recent briefing on the business case for flood-ready infrastructure, hosted by The Pew Charitable Trusts and the U.S. Chamber of Commerce in the Rayburn House Office Building in Washington. The impact of disasters, such as flooding, on the business community is significant: Forty to 60% of small businesses don't reopen after a disaster, and 90% fail within a year unless they can resume operations within five days. more


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