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Tag Archives: economic impact

The Projected Economic Impact of Harvey

by Steve Dust, CEO, Greater Cedar Valley Alliance & Chamber

So, what happens to the U.S. economy when the fourth largest city in the nation — a major refining center — is shut down? There’s no way to tell yet, but here are some articles that help frame the estimates on how the United States may be impacted by this devastating natural event.

Harvey to Cause Several Months of Unsettled National Economic Data

Applications for unemployment insurance go up, and soaring fuel costs are two of the expected immediate economic impacts of Harvey.

These Are the Data Points That Will Show Harvey’s Economic Impact, Bloomberg, August 31, 2017

Business Conditions in Houston

Here’s an on-the-ground report of business conditions.

Harvey stalls Houston commerce, could cost $50 billion in damage and economic activity, Chron.com, August 29, 2017

Rebuilding Houston

This column by Chris Tomlinson lays the blame for much of the devastation on developers taking advantage of growing populations. Tomlinson also notes that Houston homeowners are dramatically underinsured – only 15 percent who live in a floodplain have flood insurance.

The columnist encourages the City of Houston to alter the form of reconstruction. At a time when people are seeing their belongings mired in mud and seeking a place to protect their families is not a time to debate economics. However, Houston has to come to grips with the balance between people rebuilding affordable, flood-protected homes and businesses and reactionary building requirements that push the investment critical to rebuilding.

Response to Harvey will determine economic impact, Houston Chronicle, August 29, 2017

How to Help

This piece lists some of the U.S. businesses that have stepped up to help with people, materials, and money. If you are affiliated with any of these companies, please consider adding to any funds that they have established to aid the recovery.

Companies are pitching in to help Hurricane Harvey relief efforts, CNBC.com, August 30, 2017

Did you know that your Cedar Valley colleague Joe Vich, in retirement, has become a go-to guy for the American Red Cross disaster recovery group? He volunteers weeks of his time to feed and shelter people who have been made homeless and resource-less due to disaster and also helps individuals in the Cedar Valley when personal disaster strikes. Pam Dowie is another selfless souls who pack a light bag and travel anyplace to help bring human support and essentials to those surviving and recovering. There are many other neighbors doing the same thing; I just happen to know Joe and Pam.

The people of Houston need your help. Here is a list of reputable places to help the recovery.

How You Can Help Victims of Harvey, The Weather Channel, August 29, 2017

Be part of something greater - The Cedar Valley of Iowa

The Greater Cedar Valley Alliance & Chamber is a regional economic community development corporation working to increase economic vitality and wealth in the Waterloo / Cedar Falls area and surrounding economic region. The Alliance & Chamber has approximately 800 members that represents over 40,000 employees