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Valencia Flood Zone Recovery One Year On: Industry Rebounds as Services Lag

A Chamber of Commerce review highlights uneven progress, with many claims still pending.

Overview

  • One year after the DANA, 85% of industrial firms in the 14 ‘ground zero’ municipalities are active, according to the Valencia Chamber’s new assessment.
  • About 5.8% of industrial companies—roughly 100 firms—remain closed, even as Social Security affiliations in the sector have risen to 24,101, above pre-storm levels.
  • Service-sector recovery trails industry, with 70% of urban businesses open, 20% shut—around 460 shops—and 10% still under repair.
  • Aid delivery shows gaps, with 71.5% of sector applications processed, 15.6% paid on account, and 12.9% still without compensation; CCS has attended 86% of service claims.
  • Many small firms reported heavy damage, with an average loss of €61,000, in a disaster that killed 229 people and caused an estimated €17 billion in economic damage.