Why it's important to celebrate and support reopened flooded businesses
31 January, 2019
According to a report from the Federal Emergency Management Agency (FEMA), 40 percent of businesses do not reopen following a disaster. On top of that, another 25 percent fail within one year. If you think that getting past this initial time gets your company out of the woods, think again. The United States Small Business Administration found that over 90 percent of companies fail within two years of being struck by a disaster.
Kingwood and the Lake Houston Area's flooded businesses have done a remarkable job of busting through these statistics. To continue this trend, it is important to highlight and celebrate milestones just like the reopening one-year anniversary of Arturo's Hair Designs. On behalf of a grateful community, thank you for continuing to shop with these businesses and letting others know about them.