Video Transcript

The Waffle House Index is an informal way for FEMA to gauge how quickly a community might bounce back after a disaster. Former FEMA Administrator Craig Fugate started using it when he was the head of Florida's Department of Emergency Management.

Why does Waffle House Matter?

Because Waffle House as a company is a model for disaster preparedness.

How does it work?

Red: Area Waffle Houses are closed

Yellow: Waffle Houses are open with a limited menu

Green: Waffle Houses are open with a full menu

This is key for FEMA because revenue generated by local businesses is key to an area's recovery.

What You Need to Know About Hurricane Irma

Midday Wednesday, Hurricane Irma remains a category 5 storm.  Wind speeds are estimated to be 185 miles per hour and this monster is now taking aim at Florida. 

The House of Representatives on Wednesday voted in favor of the $7.85 billion in Hurricane Harvey relief funds requested by the Trump administration, the bulk of which would replenish FEMA's depleted coffers. The Senate will have to pass the bill as well before the money can be released.  Read more from TheStreet's chief political reporter Emily Stewart here.

Click here for more of TheStreet's Special Report on Hurricane Irma.

Stay Updated with TheStreet's Latest Hurricane Coverage:

 Editors' pick: Originally published Sept. 6.

More from Video

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Why Starbucks Latest Data Reveal Should Worry Investors

Why Starbucks Latest Data Reveal Should Worry Investors

Buick's $40,000 Tough-Looking Station Wagon Is a Worthy Driveway Addition

Buick's $40,000 Tough-Looking Station Wagon Is a Worthy Driveway Addition

Trump's Tariff Attack Hasn't Brought Pain to These Hot Stocks

Trump's Tariff Attack Hasn't Brought Pain to These Hot Stocks

CoinShares: US Investors Should Think of Bitcoin as Digital Gold

CoinShares: US Investors Should Think of Bitcoin as Digital Gold