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CIAO DATE: 10/5/2006
Lessons and Limits: Tax Incentives and Rebuilding the Gulf Coast after Katrina
Robert P. Stoker, Michael J. Rich
August 2006
Abstract
Hurricane Katrina damaged thousands of homes and businesses, wrecked public infrastructure, and displaced hundreds of thousands of Gulf Coast residents. In the aftermath of the storm, the nation was shocked by the privation and distress it witnessed in New Orleans as flooding made large portions of the city uninhabitable. For several days, thousands of people, most of whom were poor and black, were stranded in desperate need of assistance. Indeed, a recent study by sociologist John Logan based on Federal Emergency Management Agency storm damage data confirmed that Katrina’s effects were “disproportionately borne by the region’s African-American community, by people who rented their homes, and by the poor and unemployed.”
