NYC 9/11 Public Portal Document
IV. Federal Statutory; Administrative and Regulatory Actions
in order to expedite the projects and accelerate the infusion of cash into the
economy, regulatory and administrative processes will need to be streamlined to
the extent possible.
Emergency Economic Stabilization Program
The State will establish a $100 million Emergency Economic Stabilization
Program and enact several statutory changes that will immediately create and retain
jobs, and increase economic activity statewide. Specific activities supported by the
Program include:
> Tourism promotion through the I Love New York marketing campaign.
> Grants and loans to businesses to support job creation or retention
projects.
➢ Funding for business marketing and international trade promotion, to
increase investment in New York State and to create business
opportunities for New York companies.
> Comprehensive redevelopment initiatives for revitalization of
distressed regions such as Niagara Falls.
➢ Workforce development and employment incentives, to provide
retraining for dislocated workers or to enable employers to hire skilled
workers. •
In addition, the State will enact legislation to speed the progress of job creating
construction projects and protect New York businesses from future revenue losses due
to State and national emergencies.
1. ➢ Exempt public building projects from the Wicks Law
> Establish Civil Authority Insurance
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