“Viewing the regional economy as a whole suggests significant economic resiliency to the flood,” according to
Despite having the distinction of being the costliest U.S. flood of the 20th century – resulting in $20 billion in economic losses – the 1993 flood “caused very minimal or only temporary negative economic impacts in the year of the event, measured by gross domestic product, the unemployment rate and the number of businesses,” Xiao said. “Two years after the event, there were no discernable aggregate effects on these economic indicators at the regional, state and county levels.”
And amid all the mud, muck and destruction, there were even a few silver linings. According to Xiao, who presented her research findings earlier this month at the Association of Collegiate Schools of Planning-Association of European Schools of Planning Joint Congress in
….While such findings may be cause for optimism for those still mired in recovery efforts resulting from this year’s flooding – as well as for those who may be impacted by future disasters – Xiao’s research revealed that there’s actually more to the economic-recovery picture in many communities than what appears on the surface.
Photo by L. Brian Stauffer, on the website of the