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TRAINING, EDUCATION AND RESEARCH
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| The California Academy for Economic Development (CAED) is devoted to
Economic Development training, education, and research. It emphasizes
innovative as well as tested methods to educate economic developers
and communities on the best ways to grow healthy, vibrant communities.
For further details see www.EDAcademy.org
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CALIFORNIA BUSINESS MINUTE
Most At Risk for a Disaster
05-20-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
According to Kiplinger’s magazine working in conjunction with ISO, a leading source
of insurance risk information, they have identified a first of a kind ranking.
Together the two have identified the ten states that have suffered the biggest
property losses from disaster over the past decade and are considered to be the
most at risk for a disaster.
The following identifies the top ten states most at risk of a disaster.
TOP 10 STATES MOST AT RISK OF A DISASTER
1. Louisiana
2. Florida
3. Texas
4. New York
5. Mississippi
6. Oklahoma
7. Alabama
8. California
9. Missouri
10. Ohio
We are not sure if “at risk” is appropriate as currently impacted. For example,
Louisiana and Mississippi are currently suffering from the floods along the
Mississippi River. Alabama just had a terrific tornado that left hundreds dead
in Tuscaloosa. Texas has suffered from wildfires due to a draught. California
recently suffered some minor damage from the tsunami caused by the earthquake in
Japan. Additionally, the four largest state economies, California, Texas, New York
and Florida are all on this list. Damage to all four during the same year could be
a real set back to the nation’s economy given that they make up nearly 50 percent of
the nation’s GDP.
I am Tim Johnson and this has been the California Business Minute.
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INSIDE CALIFORNIA'S ECONOMY
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