NYC Partnership economic impact analysis update, February 2002

NYC 9/11 Public Portal Document

This puts at risk many of the 270,000 jobs that are still located in the area south of Chambers Street.

Based on these findings and on interviews with industry leaders, the team and the Partnership identified the following priorities that must be addressed promptly by the public and private sectors:

❖ Produce a plan by mid-2002 (before the World Trade Center cleanup is completed) to redevelop Lower Manhattan.

❖ Fast track rebuilding of the downtown infrastructure (power grid, transportation and telecommunications) to 21st Century standards.

❖ Secure federal economic aid aimed at protecting the city’s status as a world capital of commerce and finance.

❖ Restore confidence by investing in comprehensive, iimovative security measures.

❖ Execute a five-borough strategy to retain and expand the financial services industry.

❖ Quickly restore Lower Manhattan as a functioning community for workers, small business and residents.

❖ Take immediate steps to promote New York for business and tourism.

September 11th tested New York City and, for the most part, we held up well. At the same time, senior management of every business has had to reevaluate the geographic concentration of their talent and facilities, security, space needs and data and phone systems. Business decisions are being made now. To protect the interests of the city and of the national economy, government must provide decisive leadership for the many stakeholders in the private sector who are conunitted to ensuring that New York comes back - stronger than ever.

6 New York City Partnership and Chamber of Commerce

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