Join the National Emergency Management Association for a webinar on Oct 26, 2016 at 2:00 PM EDT.
When disaster strikes a community, it could have devastating effects not only on lives and property, but also on the economic environment of a community. Following catastrophic events, businesses close, jobs are lost, and because recovery can take months or years, people may choose to relocate to other communities, leading to the reduction in a community’s tax base.
Economists have long used the economic modeling tools to study the economic benefits of local and regional economic development projects, in part as a way to justify the initial expenditures. Similarly, such tools can be used not only to estimate the negative economic impacts of a disaster but also the positive economic benefits of preparedness, resiliency, and recovery investments.
Dr. Lloyd Blanchard is an economist who uses economic modeling tools such as IMPLAN and the U.S. Bureau of Economic Analysis’s RIMS II Multipliers to support the catastrophic planning work done for regional, state, and municipal jurisdictions. He used these tools to estimate the economic impacts of the drilling moratorium on various industries that rely on access to the Gulf of Mexico following the Deepwater Horizon oil spill in 2010, the economic benefits that would derive from resiliency investments of HUD’s National Disaster Resilience Competition for a municipal client and currently supports catastrophic planning for Washington DC by estimating the economic impacts of various disaster scenarios likely to befall the district.
Dr. Blanchard will show webinar participants how to find and use the appropriate economic data to develop economic forecasts for emergency planning purposes, where to find local, state and federal government economic data and how to model these data in a simple and intuitive way to support catastrophic planning. Much of these data are available at no or low costs and the modeling can be accomplished with no training in economics or mathematics. All that is needed is a spreadsheet tool and a willingness to learn.
After registering, you will receive a confirmation email containing information about joining the webinar.