NYC 9/11 Public Portal Document
New York State Action Plan
Empire State Development
World Trade Center Disaster
Action Plan for New York Business Recovery and Economic
Revitalization
Executive Summary
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 Plan for the $700 million appropriated to New York State through the
U.S. Department of Housing and Urban Development (HUD). The funds are appropriated for
economic recovery and revitalization, and assistance will be targeted to four types of businesses
directly affected by or responding to the disaster:
1. Businesses located in lower Manhattan at the time of the disaster that have remained within
lower Manhattan.
2. Businesses located in lower Manhattan at the time of the disaster that have temporarily relocated
elsewhere because of the disaster.
3. New York City businesses that suffered significant economic dislocation because a major
portion of their customers was located in lower Manhattan.
4. Businesses seeking to locate new operations and create new jobs in lower Manhattan. Assistance
will enhance the cost-competitiveness of lower Manhattan location decisions, but will not pirate
employment from other states.
National Objective
The activities contained in this Action Plan have been designed to meet community development
needs having particular urgency because existing conditions pose a serious and immediate threat to
the health or welfare of the City of New York where other financial resources are not available to
meet such needs.
ESD has identified the following areas of business assistance as key components of a comprehensive
recovery and economic revitalization approach: small business assistance; job retention and
attraction; business information; infrastructure rebuilding and administration. Fund allocations to
these components are:
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