NYC 9/11 Public Portal Document
,1.Q/23/2001 08:43 FAY 212 481 0122 REAL ESTATE BOARD OF NY. lJ006
come November or December. Under the SBA loan programs, business owners are
personally liable even if their business does not survive.
Any amounts received through this program shall be reduced by an amount equal to any
insurance benefits or other payments or settlements.
Eligibility: The proposal would provide immediate grants to businesses in the declared
disaster area so that they can survive during this immediate and defined period of time.
New York Recovery Fund to help retain NYC businesses that were severely impacted
11th disaster.
by the September
Purpose: The New York City Recovery Fund, a $2 billion fund, would help retain New
York City businesses. preliminary estimates place the number of displaced workers at
over 100,000 and.the number of threatened jobs at nearly 377,000.
Program: The program would reimburse the City or State for portions of economic
development incentive packages granted to businesses in New York City. The
reimbursements would be made on a per-business basis with a maximum rate of $10,000
per employee up to the number of employees the company had in New York on
September 11th.
Eligibility: All New York City businesses would be eligible to apply to the City or State,
but priority consideration would be given to those businesses that were physically
displaced by the September 11 attacks or located south of Chambers Street.
NYC-WTC 000136206
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