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Effects Of The Covid-19 Economic Downturn On Central Florida Nonprofits, Tiffany C. Chinwuba
Effects Of The Covid-19 Economic Downturn On Central Florida Nonprofits, Tiffany C. Chinwuba
Honors Undergraduate Theses
COVID-19 has had significant impacts on society, both in lifestyle and commerce, especially in Central Florida where the economy is centralized around tourism. While local and state governmental agencies are distributing aid to meet the needs caused by high unemployment, the nonprofit sector mobilized to help fill the gap in assistance by providing resources and services. However prior research into the nonprofit sector finds that prolonged economic downturn may eventually affect the nonprofit force by reduced funding to programs as it did during the 2008 economic recessions. Hence, many nonprofit organizations may be at risk of insolvency in the coming …
Small Business Risk In The Context Of A Pandemic: A Simulation, Ashlyn Sperry
Small Business Risk In The Context Of A Pandemic: A Simulation, Ashlyn Sperry
Honors Undergraduate Theses
In this thesis, I consider the impact of the COVID-19 pandemic on small businesses, as they are acutely at risk due to the lack of implicit government insurance that would be available to larger corporations. I will discuss insurance's characteristics using the basic theory of insurance, analyze pandemic insurance's viability in the private market, and critique alternative solutions. While the theory suggests that pandemics are not insurable in the private market, I will perform specific analysis to determine if this is the case or not. Using a simulation of the economic landscape firms face, business owners with varying levels of …