This socioeconomic analysis by The Economist Intelligence Unit (EIU) reveals that the benefits of flood mitigation go beyond dollars and cents: the research found that investment to make homes and infrastructure more flood-proof returns positive economic, environmental, and social benefits for communities. The website's detailed community case studies reveal flood mitigation actions, challenges, and benefits for 21 flood-affected communities across the U.S.
To gain a better understanding of the economic imperatives for investment in flood mitigation, the EIU undertook a research program to identify the business case for flood mitigation investment. The research spanned January–June 2016 and is presented in the website. The core of the research program is the in-depth community case studies, comprised of insights from existing flood loss avoidance studies and additional community impacts data and analysis. In addition to the community case studies, the EIU undertook a broad analysis of projects and benefits data in the U.S. from 1996 to 2015. The analysis covers a database of flood mitigation projects provided by FEMA of 21,411 flood-specific projects, spanning all 50 states (plus Puerto Rico).
The Flood Economics site was designed and constructed by the EIU and commissioned by Resilience Action Partners and the Federal Emergency Management Agency (FEMA).