Course Overview The goal of this training is to establish a common vocabulary for public sector agencies and private sector organizations interested in utilizing partnerships to improve response, recovery, and resilience.

What is a major internal concern that could affect the incorporation of social media into emergency management? …

The mission of the Federal Emergency Management Agency (FEMA) is to support our citizens and first responders to ensure that, as a Nation, we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.

The benefit of the partnership minus the cost to all partners is the best way to define the value of a public-private partnership. The benefit of the partnership minus the cost to all partners is the best way to define the value of a public-private partnership.

A Public-private partnership (PPP) is often defined as a long-term contract between a private party and a government agency for providing a public asset or service, in which the private party bears significant risk and management responsibility (World Bank, 2012).

PPP is based on two main principles:

• Both parties invest in the project. In a financial sense (manpower, materials budget) and in an expertise-related sense (knowledge, networks).
• The parties contribute to a societal and often also commercial purpose.

PPPs can have major benefits for both sides — public and private:

• Access to finance. When governments are cash poor, PPPs can offer access to private capital.
• Access to technology, people and skills.
• Transfer of risk.
• Investment opportunities.
• Business development.

PPP Objectives Describes the aim of PPPs as being “to deliver improved services and better value for money, primarily through appropriate risk transfer, encouraging innovation, greater asset utilization and an integrated whole-of-life management, underpinned by private financing.”

PPP disadvantages:

• Infrastructure or services delivered could be more expensive;
• PPP project public sector payments obligations postponed for the later periods can negatively reflect future public sector fiscal indicators;

i) Lack of comprehensive policy, legal and institutional frameworks that provide clear guidelines and procedures for development and implementation of PPPs; (ii) Lack of analysis capacity to assess investment proposals leading to poor project designs and implementation; (iii) Inadequate enabling environment which …

The major limitations include: Not all projects are possible (for various reasons: political, legal, commercial viability, etc.). The private sector may not be interested in a project due to perceived high risks, or it may lack the capacity to implement the project.

PPPs have been highly controversial as funding tools, largely over concerns that public return on investment is lower than returns for the private funder. PPPs are closely related to concepts such as privatization and the contracting out of government services.

PPP allows economists and investors to determine the exchange rate between currencies for the trade to be on par with the purchasing power of the countries’ currencies. It is important for companies to set the same prices for products across different countries.

Initially, most business owners probably think that of course they’ll apply for a PPP loan. It’s free money if you qualify for forgiveness, after all.

If you find that you are ineligible for full or partial loan forgiveness you will need to pay back at least some of your PPP loan. If you don’t apply for loan forgiveness, your loan payments will be deferred for 10 months after the end of your selected covered period (8 or 24 weeks, depending on your loan)

Borrowers may submit a loan forgiveness application any time before the maturity date of the loan, which is either two or five years from loan origination.

Loan details

• PPP loans have an interest rate of 1%.
• Loans issued prior to June 5, 2020, have a maturity of two years.
• Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower’s loan forgiveness amount to the lender.
• No collateral or personal guarantees are required.