2003 LEGISLATIVE PROGRAM
New York City Recovery Program
Following is The Business Council's 2003 Legislative Program. It identifies priority issues to be addressed by the Committees and Councils during 2003.
- Adopt financial incentives to help retain in New York State those businesses directly affected by the 9/11 terrorist attacks, with enhanced incentives for retaining businesses in the lower Manhattan business district.
- Financial assistance to replace and improve public infrastructure damaged by the 9/11 terrorist attack, including public transportation infrastructure, with the goal of promoting both redevelopment and expanded economic activity in lower Manhattan.
- Assure full recovery of expenses incurred by PSC-regulated entities in response to the 9/11 terrorist attacks, including costs related to provision of emergency utility service, site cleanup, personnel expenses and the replacement of buildings, facilities and equipment, as well as costs necessary to enhance the security of utility services.
- Additional state assistance targeting small businesses in lower Manhattan, including flexible capital financing, modified state procurement practices, and other measures.
- Support efforts of NYC2012 Committee to bring the Olympic games to NYC.
- Support legislation creating an additional Certified Capital Company Program (CAPCO) for insurance companies that make new investments in lower Manhattan.