Natural Hazard Mitigation Saves: 2017 Interim Report
The National Oceanic and Atmospheric Administration (NOAA) declared 2017 the costliest year on record for weather and climate disasters. Fortunately, there are measures governments, building owners, developers, tenants and others can take to reduce the impacts of such events. The National Institute of Building Sciences reports that every $1 spent on hazard mitigation can save the nation $6 in future disaster costs. The Institute used 23 years of federally funded mitigation grants provided by the Federal Emergency Management Agency (FEMA), U.S. Economic Development Administration (EDA) and U.S. Department of Housing and Urban Development (HUD) for their study.