Economic development form for WTC business assistance, 2001

NYC 9/11 Public Portal Document a iiuiiivojic iiu uiB uuru ■BVXOW wan, a wa^ Ul licipuqs UI enj water from the sanctuary. great metaphor," said Peter Swords, many people’s surprise. M Riut,’’ said Elizabeth Owens, a visitor “It’s truly a miracle that we could 66, who lives nearby and has been Rrom Nashville. "What 1 heard what through a hurricane befo be open," Mr. Wegman said. Fire visiting the cathedral since he was a Philadelphia newspaper 1 nappened to the church, I Just had to Department officials believe the fire child. "The same stu,ess dedication were Inky dark. The winds come. It’s a place I’ve always want- was caused by faulty electrical wir­ that saved this church “nd heipul to up everything in their patl ied to see for myself.” ing in the gift shop. prepare it for Christm-s is also began to fly through the a , ' The night before, nearly 5,000 peo- He added; “Last week, we didn’t what’s helping America ecover hell were breaking loose li jjple bad filled the sanctuary for the know when or where we would have right now.” Just as suddenly, thi kind of calm began to t appeared through some p soon, perhaps within IS n pletely clear. Just as sudd New York State Action Plan began again. Skies on the cane’s eye wall turned ini i• Empire State Development World Trade Center Disaster swept up everything in tl pieces of roofs, of bams, wasn’t tied down loose. ’

II Action Plan for New York Business Recovery and Economic Revitalization newspaper reporter, thou those few moments of cal: when all was calm and all have had a breakdown bef Bl Si nr Interesting in that moi As Governor Pataki's designated lead agency for coordinating business recovery. Empire State Development (ESD) has worked with the New York City Economic Development Corp. (EDC), to develop the following Action nan for the $700 million appropriated to New York State through the U.S. man chose these words, A, Department of Housing and Urban Development (HUD). The funds are appropriated for economic recovery and revltalizetlon, and assistance win be bright," to describe the eye FY targeted to four types of businesses directly affected by or responding to the disaster: here on Christmas Eve 2C L' 1. Businesses located In lower Manhattan at the Uma of the disaster that have remained within lower Manhattan. many of you know what it is he 2. Businesses located In lower Manhattan at ths ttma of the disaster that have temporarily relocated elsewhere because ot the disaster to come to this service, fro V 3. New York Qty ‘-jstnesses that sutlered efgrttlcant economic dislocation because a malor portion of their customers were located In lower Manhattan. from the storms and he< 4. Businesses saewng to locate new operations and create new fobs In lower Manhattan. Assistance will enhance tha cost-competitiveness ol lower Man­ Anyone who lives tn this c hattan location decisions, but witi not pirate employment from other states. indeed anyone who inhabit: rJ NaUoruil ObioeUva been through a storm. If 5 Tha activities contained In this Action Plan have been designed to meet community development needs having particular urgency because exisling day, you remember, you t s, conditions pose a serious and immediate threat to the health or welfare of the City ot New York where other financial resources are not available to dark clouds, the pieces of h q: meet such needs. air, the sense that all hell Ji ESD has Identified the following areas of business assistance as key components ot a comprehensive recovery and economic revitalization tonight, all is calm, all is b bl approach; small business assistance: Job retention and attraction: business Information; Infrastructure rebuilding: and administration. Fund alloca­ J: tions to these uunponents are; AcMonftenCateBBriet ABeeatlBW* St. Francis Xavier Ror .n Small Business Assistance .5371,005,9™ Park Slope, Brooklyn li­ Job Retention &Attraction Assistance $2B5.000.0Q0 Business Infonnatton $5,000.000 Th Rev. Joseph Diete te Infrastructure Rebulldina $25.000.000 Sometimes I think wh bi story of God being bom in h Administration__________ $14,000,000 TOTAL FUNO $700,1)00,0011 us. It’s amazing to think tha s us. It’s a little distant.... st *B0 reserves the right to reallocate funds among and within the above categories as needed to respond most efftctlvely to the goals of economic revitalization, job retention and creation In New York Qty. Additional funding from future federal allocations will be required to meet program ob|ec- Let’s imagine ... whe: 31 ttvesdeserfted below. Bethlehem from Nazaretl kt people. It’s crowded. Imagi •B 8maD Business Asslslanoe - total allocation: $371 J»0,000 1. Bridge Laan Program—ESD and EDC each committed funding for loan guarantees for banks and other cammunnv-based lenders offering bridge They need to find an inn, 3. imagine this church witho loans to businessss throughout New York City applying for SBA economic Injury or physical disaster loans. t,; 2. lower Manhatten Brant Program — offers grants to small, non-rotall businesses located In the restricted area of lower Manhattan, capped at privacy. ... What they fin, If $10,000, and Bed to approval of SBA loans. around It, animals help keei !■„ 3. WTO Retell Recovery Grant Program—currently offers three days lost business revenus, capped at $10,000. to retail and personal service Rims not an ideal birthing room, located hi lower Maidattan (south of Houston Street) with tower than SOO employees on September 11. and contmuing m business in New York. Upon tine. But by blood and wati tecripl of federal funds, grant caps win be Increased to $100,000 tor all eligible Rnns, except that lor turns located m damaged or destroyed buildinas, the cap would be $200,000. 4. Non-RetaO Recovery Grant Program—wlU Oder three days lost business revenue, capped at $100,000, to any business with fewer than 500 employ­ ees, not eligible tor the Retail Grant Program, located In lower Manhattan (South of Houston Street) on September 11. and continuing In business hi New Ifork. However, firms located hi damage or destroyed buildings will be eligible for giants of up to $200,000. 5. Business Recovery Loan Fund — will provide funds lor loans and loan guaiantees to make tow-cost financing available through ESD, EDC or private tenders, and may also capitalize micro-loan funds offered by not-for-profit community organizations. Business RstsnUen snU Attraction — total allocation; 8288,000,000 • Job Retention and Creation Grant and Loan Program — will offer grants, loan guarantees and low cost loans Io assist firms displaced from their workspace lor al least one month, and to retain and attract new firms to lower Manhattan. The primary oCiectives are to retain and create Jobs hi lower Manhatten. to create demand lor available olfice space, and encourage reconstruction ol space that was damaged or NEW YO destroyed by the attack. Assistance will be extended to an firms In damaged or destroyed buildings, and otfered Io other lower Manhattan films based upon an assessment ot need. Grants will otier increasing IncenUves to firms making larger workforce commitments, end to BUFFALO: BOXER TO CARRY OL' those relocating In lower Manhattan. Assisted companies will be required to maintain Jobs In New York City for a minimum ol five years. weight t Firms making new commitments to locate in lower Manhattan will also be considered lor assistance. The program hopes to attract and ed to be retain 59.000 workers. torchbe: Business Informartlon — total allocation: 88,000,000 its way ■ • Business Informstlon Program — will market the avallablltty ol WTC business assistance programs, in order to increase program aware­ Lake C ness, eflectiveiiess, and participation. Olympic Infrastructure Rebuilding — total allocation: 826,000,000 will acct • The Lower Manhattan Redevelopment Corporation (LMRCl - Governor Pataki and Mayor Giuliani established the Lower Manhattan Rede­ on Dec. velopment Corporation (LMRC)—an ESD subsidiary—as a Joint State-City redevelopment corporation. LMRC will oversee transportation and infrastructuta Improvements, construction and development ol the areas aHected by the attacks. In addition to working vilth ESD and EDC to velt Squ achieve the economic revitalization goals detailed above, the Lower Manhattan Redevelopment Corporation will manage redevelopment of where fireworks will mark the the destroyed World Trade/Financial Center complex Including memorial, public and commercial spaces. LMRC will also coordinate develop­ tying the torch on New Year’s ment of transportation and communications hifrastnicture needed to complete the revitalization ol lower Manhattan as the world financial said Mr. Mesi, who has a 21-0 center mid business hub. Allocated funds will be used for Initial planning and design efforts. as a heavyweight, “will mean i Administration—total allocationi up to St4,000,000 Ing the heavyweight box • With the creation of the Lower Manhattan Redevelopment Corporation, New York Slate and New York Qty have established a vehicle for the flame will continue bun City's recovery. This partnership has been confirmed by Mayor-Elect Bloomberg. ESD and EDC will continue to provide extensive personal services to Impacted businesses through walk-In centers, hotline phone services, web sites and professional case management staff, and today, when the torch through contacted administrative services, coordinated through LMRC. This will Include development of an Integrated data base manage­ Rhode Island on its 65-d ment system to ensure coordinated delivery of business services, offering businessss a more centralized approach to seeking assistance. 46 states and 12S cities. • HUD IBS authorized the use ol up to 10% of total hinds ($70,000,000) foi planning and admlnlstiatlve management costs. We anticipate allo­ cating $14,000,000 tor admliiistiatlon. As noted above. $25,000,000 will be allocated for pteimliig. Any unspent administrative funds '-‘ll be in reallocated to program needs. NE) ii Action Plan Amondmonts n TRENTON: McOREEVEY’S Adding or deleting an activity or changing the planned beneficiaries of an activity will constitute a substantial ch-oge. In the event ot a substantial change, the State win prepare an amendment to the approved Action Plan which will be subject to tha same citizen participation process required lor elect James E. McGree the Initial Action Plan. Incentives to help revivi Antl-DI Releeation Assistance Plan gered some South Jersey eJ’ said that a $181 million in The activities contained In this Action Plan do not contemplate displacement However, should the potential for displacemem occur, the State will undertake the foliowins steps and will abide by the repulrements ol 49CFR Part 24 and 24 CFR Part 570,488a(c) and HUD Handbook 1370, distressed city was unal 1, Maintain current date on the occupancy ol.residential units targeted lor COBS assistance—none currently planned, budget shortfall. The C. Of McGreevey had pressure 2, Review all activities prior Io imptsmen^ to determine the ellecl, II any. on occupied residenllal propertleo. 31 Legislature to abandon v 3. Include consideiation of alternate solutions when it appears an assisted protect will cause displacement. It Implemented. of $20 million in annual deb 4. Reouire private Individuals and businessss to consider other alternatives to displacsmenl causing activities. II they are requesting CDBG assistance. Complete Text of the Action Plan scientists have said that t Hl This Is an Executiva Summary of ths World Trade Center Disaster Action Plan for New York Business Recovery & Economic Revltallzatian. The full text yet not sufficient for urb version of the plan is available to ths public at NEWARK: INSURER TO ORI n* gle Insurance Company,' • Chatham Square and Jefferson Market regional branches of ths New York Public library * risk drivers, will no longe • ESQ'S NYC Offices at 633ThlidAv8nus(Lobby)betweon 4081 and 41st St' nies. These customers wi • ESO’S Wilk In Center at 110 MaUen Lane* • Battery Park City Site Safety HQ—One West Thames* the insurance giant A.I.G. -t • Chinese Consolidated Benevolent Assoctetion, 62 Mott Street ment of Banking and Insi • Fu Kien American Association, 125 Canal Street of the state’s biggest autt * during normal business hours ing State Farm and A. Jersey, saying they cou Comment to the Action Plan lacked the flexibility to • Comment must be recelvad by January 11,2002. Comments may be sent conditions because of hea' • by eman to: unyjis Insurers were forced by t • by post t(K Empire State Dmtopnwrt/WTO Spending Plan / po Box 4438 / Brand Central Ststhm / Kew York, HYIOOIT rates by IS percent in tl Cl U' ot SI -tr^E * i

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