| Abstract: | ABSTRACT: Forty-two commercial campgrounds and 34 commercial marinas were studied to determine the amount and types of flood-related damages incurred from Hurricane Agnes, and to evaluate the institutional measures available to help management overcome these losses. Economic losses incurred by firms due to inability to operate, and declines in the number of recreationists, were over twice the magnitude of losses suffered via direct physical damages from flooding. The Federal Flood Insurance Program, as presently constituted, is of very little use to firms having structural investments in and over water. Most firms were complimentary of the Small Business Administration's loan programs. It appears that active programs of communication and promotion are needed following restoration of regions involved in natural diasters to reestablish the tourist industry of those regions. |
