Major disasters adversely affect regional economies through lost revenue, income, taxes, jobs, and assets. Many Economic Development Organizations lack the resources, methods, and training to help businesses in their regions build economic resiliencies to survive and recover from major disasters.
According to FEMA, 75% of companies that do not have business continuity plans will fail within three years of a natural disaster.
How can communities build economic resilience?
A more sustainable, scalable, strategic, and whole community approach is necessary to cultivate economic preparedness and resilience.
ASG and Georgia Tech’s Enterprise Innovation Institute
Our organizations have partnered under FEMA Grant No. EMW-2020-CA-00072-S01 to develop NEW COURSES and new TOOLS to deliver training for emergency management, leaders and economic development organizations.
Our Training Will Give Economic Development Orgs:
Disaster Planning Tools
Helpful tools and resource packages to aid in training and supporting businesses’ economic resilience building.
Enhancing regional economic reach through third-party professional and financial services.
Enhanced Decision Making Skills
Effective decision-making during crises requires planning, training, and stress management skills.
Lean Recovery™ Techniques
EDOs will learn Lean Recovery™ Techniques and how to train business leaders to implement in their own companies.
In October of 2020, the Federal Emergency Management Agency (FEMA) awarded the Georgia Institute of Technology's Enterprise Innovation Institute (EI2) a three-year grant to develop and deliver training, tools and resources aimed at building economic recovery capabilities among American businesses through enhancing whole community and regional resilience. The training will also provide Economic Develop Organizations (EDO) the tools and resources required to support businesses during the recovery process of major disasters. Alliance Solutions Group, Inc. (ASG) will partner with EI2 in the research, development and delivery of the training.
EI2 is Geogia Tech's economic development arm and serves as the primary vehicle to achieve the goal of expanded local, regional, and global outreach in support of businesses. EI² has a rich history of supporting EDOs which has led to hundreds of community projects in economic development training, strategic planning, workforce and community development, manufacturing support, infrastructure programs, innovation and entrepreneurship ecosystem building, and fiscal and economic impact analyses. EI² brings a wealth of knowledge, expertise, and research to this project, ensuring a thorough and effective training program.
ASG has more than 16 years of corporate experience developing innovative training, exercise, and management programs that build sustainable disaster preparedness and environmental, health and safety capabilities in both the private and public sectors. ASG's subject matter experts have served in excess of 2,900 communities (pop. 70 Mil), across 17 countries and 48 states. ASG’s comprehensive approach to building resilience and response capabilities will greatly aid the successful development and delivery of these new courses.
This FEMA grant was developed in response to the need for enhancing economic resilience among United States businesses, specifically in the aftermath of major disasters with long recovery periods. As our nation’s communities have grown in complexity through interdependence, international supply chains, and technological advancements, the potential for massive economic damage in the wake of disasters has increased. In 2017, several hurricanes, combined with devastating wildfires and other catastrophes, cost the United States economy a record $307 billion.
A 2020 Congressional Budget Office report estimates the COVID-19 pandemic will cost the United States economy $8 trillion over the next decade. According to the Federal Emergency Management Agency (FEMA), 75 percent of businesses that lack business continuity plans will fail within three years of a natural disaster.
History shows many businesses, the lifeblood of our economy, are not equipped to survive and recover from major disasters common to their region. This training program has been specifically designed to tackle these resilience and recovery challenges.
This is not the first time Georgia Tech and ASG have teamed up to design, develop and deliver new training courses for FEMA. In 2016, Georgia Tech, in partnership with ASG, was awarded a three-year grant to develop and deliver five new hazardous materials training courses aimed at strengthening community response and management of hazardous materials disasters. During the grant period, this collaboration delivered 40+ courses across the United States to more than 1,000 first responders, crisis leaders, and emergency managers. The Georgia Tech-ASG partnership was a success, and the delivery of the grant objectives was completed in 2019.