Business Daily The cost of Valencia’s floods
Jan 7, 2025
Devastating flash floods in Valencia have wreaked havoc, claiming over 220 lives and impacting 48,000 businesses. The emotional toll on the community is profound, with local leaders sharing compelling stories of loss and resilience. Agricultural businesses face urgent recovery challenges, battling crop destruction and looming toxic contamination. The environmental consequences are severe, threatening local waterways and biodiversity. As infrastructure upgrades become urgent, there's a pressing need for effective governmental support to aid recovery.
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EMAC Warehouse Damage
- Emi Boix, CEO of EMAC, showed a warehouse with flood damage.
- Knee-deep mud and destroyed stock impacted the company.
EMAC Operational Challenges
- EMAC, reliant on transport, faces road damage hindering operations.
- They can survive for three months but may face staff cuts after that.
Economic Impact on Businesses
- Valencia's Chamber of Commerce estimates 66,000 companies and 69,000 freelancers are affected.
- 84,000 acres of citrus fruit production have been harmed.