August 28, 2015

Hurricane Wilma

Did Anyone Notice?

David Villano | 1/1/2006
Wilma in October are wondering if the world has forgotten them. Two weeks after the storm, about one-quarter of companies surveyed said they planned to lay off workers; about 20% said physical damage was so great they couldn't do business. In some cases, power and phone service took weeks to restore.

Hollywood Beach store owner Issac Pioj asseesses damage from Hurricane Wilma.

Wilma arrived as many businesses were still recovering from Hurricane Katrina as it made its first U.S. landfall a few weeks earlier. By late November, with the damage total reaching $9 billion in south Florida, local companies had filed more than 50,000 applications for business disaster loans from the Small Business Administration. The volume has slowed the approval process, infuriating local officials.

The pace of cleanup and recovery is only part of the story: Business insurance rates this year could skyrocket, and widespread residential damage is further thinning what was already one of the state's tightest markets for affordable housing.

But the lack of national attention may be the hurricane season's silver lining. Economic development officials say the storms' havoc barely registered with out-of-state companies considering a move here. Officials from Cincinnati-based Chiquita Brands say weather is of little concern and that Broward remains a front-runner, along with Atlanta, for its new headquarters.
You can reach David Villano at villanotrend@yahoo.com

Tags: Politics & Law, Southeast, Government/Politics & Law

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Volunteer puppy raisers socialize future guide dogs
Volunteer puppy raisers socialize future guide dogs

Southeastern Guide Dogs’ volunteer puppy raisers help future guide dogs to become comfortable with home life and take the puppies everywhere—to work, out to eat, on trips, and even grocery shopping.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Is your business ready for a tropical storm or hurricane?

  • Yes, we are ready.
  • Somewhat (never enough!)
  • No, if a storm hits, we would be in trouble.

See Results

Ballot Box
Subscribe