Building Innovation: NIBS’ Highest Honor is The Mortimer M. Marshall Lifetime Achievement Award. Who Gets Your Vote?
Mitigation is the sustained action that reduces or eliminates long-term risk to people and property from natural hazards and their effects. Over the last decade, the United States has seen a shift in emergency management from relief and response to reducing hazard risk. Key points in this effort are building resilient communities and creating community-based disaster management plans.
According to the National Oceanic and Atmospheric Administration (2020), the nation has averaged 14 floods, wildfires, and other disasters every year for the last five years. These disasters annually cost America $106 billion.
The NIBS 2019 Natural Hazard Mitigation Saves Report has found that adopting the latest building code requirements is affordable and saves $11 per $1 invested. Furthermore, the study found that federal grants save $6 per $1 cost. Since 1995, public-sector investment in mitigation by the Federal Emergency Management Agency, U.S. Economic Development Administration, and U.S. Department of Housing and Urban Development cost the country $27 billion but will ultimately save $160 billion, meaning $6 saved for every dollar invested.
Join our esteemed panel as they discuss the importance of hazard mitigation in the United States. This session will include:
Vice President of Homeland Security and Emergency Management, IEM
Director, Ramsey County, Emergency Management and Homeland Security