Potential economic impact of Hurricane HarveyPotential economic impact of Hurricane Harveyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=176332017-08-31T05:00:00Z2017-08-31T20:00:00Z

​​​​HOUSTON – Damage costs could place Hurricane Harvey among the top ten highest economically impactful hurricanes in the nation's history, said Patrick Jankowski, a regional economist and vice president of research at the Greater Houston Partnership.

The United Way of Greater Houston estimates it will need to raise between $25 million and $30 million to cover the long-term recovery services. For comparison, Houstonians raised $5.8 million after Hurricane Ike in 2008, and $11 million after Hurricane Katrina in 2005.

Harvey's wake has inflicted damage across about two dozen Texas counties, which make up roughly 35 percent of Texas' GDP. Harris County makes up about 70 percent of the GDP in those counties.

Moody's Analytics, a New York-based financial analysis company, has pegged the destruction to southeast Texas, which includes the Rockport area where Harvey made landfall, as of mid-morning Aug. 29 at about $75 billion, covering homes, vehicles, businesses, infrastructure, and lost economic output.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Infrastructure & Transportation
https://www.bizjournals.com/houston/news/2017/08/29/harveys-impact-this-is-how-much-its-going-to-cost.html?ana=e_me_set1&s=newsletter&ed=2017-08-30&u=ohSD%2Fe6TGoiGi7VP7oH8XZKfemn&t=1504103619&j=78762691Read more at {Source}

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