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Experian study charts Hurricane Katrina’s effect on small business

Published on .

Costa Mesa, Calif.—Data company Experian this week released the results of a new study of the effects of Hurricane Katrina on businesses. The data company found that businesses in the counties and parishes that the Federal Emergency Management Agency declared as the most impacted by the hurricane had an estimated $7 billion in outstanding balances. The study showed that professional and business services firms were the hardest hit by the disaster and owed the most ($8.8 billion). Other industry groups significantly affected were retail trade ($8 billion), wholesale trade ($5.9 billion) and construction ($5.7 billion).
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