Working together to accelerate New York's Recovery : economic impact analysis of the September 11th attack on New York City / New York City Partnership and Chamber of Commerce.

Cover title.

Introductory letter -- I. Executive Summary -- II. Overview -- III. Sector-by-sector analyses -- IV. Acknowlegdements.

`The New York City Partnership, relying on research by the seven management consulting frims that conducted the Partnership's economic impact analysis (November 2001), has taken a second look at New York's efforts to recover from the September 11th terrorist attack. The topline findings are: The general estimated cost is tracking the projections, although job losses could be significantly greater than original estimates; The manner in which financial services firms diversify the location of their operations is moving more Wall Street and Midtown jobs outside of the city's five boroughs than originally projected; Federal support is seeding economic recovery, but the energy and telecommunications utilities not getting any financial reimbursement to replace their infrastructure could be a brake on the pace of the recovery; Estimates of insured losses have risen sharply, reflecting the growth of liability claims, which may signal that the economic impact of the attack is wider and deeper; Air travel and retail sales continue to lag as expected; The cleanup of the World Trade Center site as well as the pace of the restoration of the mass transit system is moving faster and at a lower cost than initially expected." --p. 1.