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WTC Retail Recovery Grant Program Helping Affected Business

Uploaded by srheric on Apr 23, 2007

WTC Retail Recovery Grant Program Helping Affected Businesses

Governor George E. Pataki announced that as of today, New York State's WTC Retail Recovery Grant Program has dispersed 1,270 checks totaling $5.4 million to assist small and medium-sized retail businesses affected by the September 11 terrorist attacks. Altogether, 1,573 applications have been approved totaling $6.8 million.

"Small and medium-sized retailers have continually played a vital role in the New York success story for generations," Governor Pataki said at an event in Chinatown with U.S. Secretary of Labor Elaine Chao. "Many of these firms are being challenged by the unforeseen circumstances generated by the World Trade Center disaster, but we're committed to helping them survive, recover, and prosper, right here, in New York, for years to come.

"Small and medium-sized businesses are an important part of New York's communities, and will play a vital role in the rebuilding of downtown Manhattan," the Governor said. "By providing direct financial assistance to businesses returning downtown, we have sent a loud and clear message to the entire business community that we want them to stay - and to thrive - right here where they belong."

Assembly Speaker Sheldon Silver said, "In Chinatown and throughout lower Manhattan, small and medium-sized businesses provide jobs and services that are integral to the economy of the city. Many of these diverse businesses are facing tremendous difficulties following the September 11 terrorist attack. It is my hope that this support will help rebuild and fortify the businesses that have come to symbolize this vibrant community."

Charles A. Gargano, Chairman of Empire State Development said, "Governor Pataki's leadership and commitment to the business community is helping our economy through this challenging period in our nation's history. From the very beginning, establishing the Business Resource Center and the Lower Manhattan Redevelopment Corporation, and now these business grants, the Governor's continuous actions on behalf of New York's business community have strengthened ESD's partnership with the city's small and medium-sized businesses, and we look forward to working together in reigniting our economy."

The WTC Disaster Retail Recovery Grant Program is a $20 million program administered by Empire State Development (ESD), the State's economic development entity. ESD is providing grants of up to $10,000 to assist a broad range of affected businesses, with the initial focus of the program on small and medium-sized retail businesses selling goods or personal...

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Uploaded by:   srheric

Date:   04/23/2007

Category:   Business

Length:   4 pages (924 words)

Views:   2903

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