Small businesses are the heart of their communities, but hurricanes like Helene and Milton reveal just how vulnerable they can be. Nearly 60% of Florida’s micro-, small, and medium-size enterprises (MSMEs) were in harm’s way, affecting millions of jobs and billions in revenue. What’s next for recovery? Explore the full story. https://mck.co/40ROMUr
McKinsey & Company’s Post
More Relevant Posts
-
Lost the trust of those closest to you? Recovery is about rebuilding, and trust can be repaired with time and effort. Here’s how to take the first steps. Follow us for more guidance. #TrustRecovery #GamblingHelp
-
Manufacturing Program Manager @ Maryland Department of Commerce | Manufacturing Enthusiast
As we navigate the challenges posed by the recent tragedy closing the Francis Scott Key Bridge, it's vital that our business community has access to the resources needed to mitigate this impact. The Maryland Department of Commerce has curated a selection of resources specifically designed to support businesses during this time. These resources offer financial guidance, operational support, and strategies for resilience to help our local businesses withstand this unexpected hurdle. Whether you're seeking immediate assistance or long-term recovery strategies, there's something to aid every affected business. Explore the available resources here: https://lnkd.in/entBYwkS #BusinessRecovery #FrancisScottKeyBridge #MarylandBusinessSupport #CommunityResilience #MarylandManufacturing
-
Small businesses are such an important part of our communities 🏢 with a staggering number of 75% being underinsured it's important to help prepare your business against disasters of all types.https://bit.ly/3SZ4OYd
-
-
🌪️ Three Things Thursday (On a Friday!): Understanding Disaster Losses for Your Taxes 🏠💸 This week, we're talking about something important and timely—how disaster losses, also known as casualty losses, can impact your taxes. With Tropical Storm Debby recently hitting North Carolina hard, it's crucial to know how to navigate these losses. Check out my video to learn: 1️⃣ The difference between personal and business losses. 2️⃣ The impact of federal disaster declarations on your ability to claim losses. 3️⃣ Key details about casualty gains and how to postpone them. Need more info? Check out our latest blog post or give us a call—we're here to help! 🔗 Link for more details and resources: https://lnkd.in/eMcPqDfj
-
As we welcome a new year filled with hope and opportunity, the devastating fires in California remind us how quickly life can change, often in unexpected and challenging ways. This serves as a somber reminder of the importance of financial preparedness—not because it can undo the damage, but because it provides a foundation to rebuild and start anew. If you’d like to support those impacted by the fires, the article below offers several ways to help. #FinancialPreparedness #CAFires #CommunitySupport https://lnkd.in/gWdW8Fva
-
Preparedness Tip: Getting your critical documents in order now can help you later if a disaster strikes your home or business. Examples include proof of ownership, proof of primary residency, SBA loan documents, recent tax returns, proof of insurance, flood-zone documentation and more. The Louisiana Governor's Office of Homeland Security and Emergency Preparedness provides valuable resources to help you get a game plan for safeguarding your essential documents. Get a Game Plan here: https://lnkd.in/g3axQCr5
-
-
Natural disasters can have devastating effects due to the loss of hard-earned assets. Learn how to navigate the nuances of casualty loss deductions in this article from Forvis Mazars US Private Client: https://lnkd.in/gxJjv8gM
-
-
Natural disasters can have devastating effects due to the loss of hard-earned assets. Learn how to navigate the nuances of casualty loss deductions in this article from Forvis Mazars US Private Client: https://lnkd.in/gxd57RpG
-
-
Georgia and Farnoosh are at it again on a new episode of So Money! With recent heartbreaking storms, they discuss climate change and financial preparedness. Clean up often comes down to governmental solutions; very few of us can self-fund this scale of emergency. So what does that mean for you? 💵 Pay your taxes to fund systemic solutions to systemic problems! 💵 Cash is queen: Build a strong emergency fund and keep adding to it monthly. 💵 Consider adding an extra insurance policy for floods or earthquakes, depending on the risks where you live. Give it a listen! https://lnkd.in/gidAyTcR
-
-
Natural disasters can have devastating effects due to the loss of hard-earned assets. Learn how to navigate the nuances of casualty loss deductions in this article from Forvis Mazars US Private Client: https://lnkd.in/gE5jPXr9
-
Digital Marketer | SEO Executive| Digital Marketer| Inbound & Outbound Marketing | Social Media Marketing | Email Marketing | Product Marketing | 6+Years of Experience in Content Writing and Digital Marketing.
1moMcKinsey & Company,Hurricanes like Helene and Milton show just how fragile small businesses can be, even though they’re the heart of local communities. Here’s why we need to act now: - Nearly 60% of Florida’s small businesses were directly impacted, leading to job losses and huge revenue hits. - These businesses are more than just employers—they’re local lifelines, driving communities forward. - Recovery isn’t just about rebuilding buildings; it’s about restoring livelihoods and trust. - Government aid and timely support are critical, but businesses also need stronger disaster resilience plans. - Building a more prepared future means investing in technology, emergency funds, and local partnerships. - Communities thrive when small businesses are supported—not just after a crisis, but before one. - This is a wake-up call to rethink how we protect and empower our most vulnerable assets. - Small businesses need more than recovery—they need sustainable growth pathways. - Collaboration between government, business owners, and communities can create stronger networks. - By backing small businesses, we back the future of our communities.