Readiness for Recovery: Abstract of Galveston Presentation by Harris L. Kempner, Jr. & Jeffrey G. Sjostrom
AD | 02.13.2007 | 11:00:48 | Views: 5003 | ID:
Following is an abstract of the joint presentation of Harris L. Kempner, Jr., President of Kempner Capital Management Ltd, and Jeffrey G. Sjostrom, President of the Galveston Economic Development Partnership during the Southwestern Regional meeting on January 18, 2007 in Galveston, Texas.
Consider and enable the economic drivers of community recovery:
Budget and manage to develop sufficient emergency reserves, such as to sustain for three months, to handle the cost of obligations post disaster.
Establish tax incentives to attract return and new businesses.
Create a capital lending pool for cities ahead of time.
Pre-plan by accelerating the permit process to expedite a business owner's ability to rebuild.
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