Click here to download – Chapter IV – Small Business Assistance
Small businesses are often more financially vulnerable than large businesses in the wake of a disaster. Yet, small businesses are the backbone of a local economy, employing nearly 68 million workers, which is approximately half of all private-sector jobs. Thus, EDOs and chambers need to ensure that small businesses are connected to additional assistance, particularly in terms of capital and technical assistance needs. In this chapter, we discuss the importance of quickly responding to the small business needs, with a focus on how to establish a business recovery center, which provides the structure and the location for delivering much of this needed technical and financial assistance.