Texas Border Business
US Chamber of Commerce
By Thaddeus Swanek
Senior Writer and Editor, Strategic Communications, U.S. Chamber of Commerce
Weather-related catastrophes are increasing in frequency and severity, and billion-dollar disasters are now the norm. In 2022 alone, the cost of natural disasters exceeded $360 billion across the globe, including more than 40 weather events causing over $1 billion in damage each.
With the cost of disaster growing, it’s essential for government, businesses, and households to invest in resilience for communities to prosper.
According to a new economic study by Allstate, the U.S. Chamber of Commerce, and the U.S. Chamber of Commerce Foundation, every $1 spent on climate resilience and preparedness saves communities $13 in damages, cleanup costs, and economic impact.
To dive deeper into the subject, follow the link below:
https://www.uschamber.com/security/the-preparedness-payoff-the-economic-benefits-of-investing-in-climate-resilience
