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WTC Records Folder 0140 label, 2001

Machine-extracted title · confidence 100%

Archival folder label from the Office of the Mayor for World Trade Center records, identified as Folder 0140.

NYC-WTC_000136670–000136818

Folder label: “Folder 140

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NYC 9/11 Public Portal Document

00000 P.02 OCT-03-2001 1249 FAX

DRAFT To: Charles A Gargano Robert Harding

From: Kevin S. Corbett Michacl Carey

Date: October 2, 2001

Subject•. New y olk Revitalization Program disaster recovery plan for initiatives should be included in a The following immediat

o e e Government for 975 m' 'o to cover _~,~/ 7 . e York Scat eed a t world Trade Center disast ~a•~ ecoaoptic recpvery, pee~y r€sukmg $om the funding for the following initiatives: • The grant would provide Recovery Loan Yrof raID — $125 nallion to fums awaiting SBA loan approval. • Would provide interim financing in bridge loans to firms afiSted. • program would leverage 5625 million between New York State and New York City. • Funding would be divided of u C red It $20 billion of the disaster are very large — / ~~ ~ Estimates of •, gstiatatea Tange. uninsured damage s as a

tO cover uninsured losses at firms suffering ; ; Cash grants of $10,000 to $100,000 /~0~Q physical damage. , ', t SZ~L1 Assists cc for D' laced Busin o f 5750 miWon pleloestio workers`w~re-dtapliced as a result of the / About 1,000 firms employing 100,000 disaster. costs resulting from the 11~ • Cash grants to businesses to assist in meeting increased space disaster. is essential. costs of relocation spate • Ensuring that affected firms are able to meet spa and New York City. • Jointly administered by New York State

Marketinf and T urism — 540 mil ion actions are necessary i addition, the following Federal Relaredl oarl Requirements Lto tization of Cusre,fl$Bkflisafl Changes needed include: services businesses and not for profits • Expanded eligibility to'include financial million. • increase loan cap from $1.5 million to $10 flexibility. underwriting • Relax collateral requirements, increase business profile of impacted area. • Adjust business size limitations to reflect !red tax erem t n d anteSs for reconstruction bond;=• v estimated at 59 bullion for the State era1mart to cover revenue shortfalls rillinn for theCmG.

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NYC-WTC 000136678

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NYC-WTC_000136678Source: NYC Law Department, mirrored locally

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