Texas Tech University

Texas Tech Receives $750,000 Grant to Support Disaster Recovery

By: Amanda Bowman 

flooded street

Hurricane Harvey tore through Houston in August 2017, leaving the city forever changed. The category 4 storm created utter devastation, caused billions of dollars in damage and left small businesses crippled.

In order to make sure small businesses are better prepared for future hurricane seasons, the U.S. Department of Commerce's Economic Development Administration (EDA) awarded Texas Tech University $750,000 to develop evidence-based, innovative financing strategies and associated tools to facilitate disaster preparation, recovery and long-term growth of small businesses in hurricane-prone regions. Texas Tech will partner with the University of Houston for the research.