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T YPES OF PROGRAMS (1/4) Federal Emergency Management Agency (FEMA) ($8.798 billion) – Funds primarily to recovery-related costs, assistance to individuals, renovation, construction of mass transit infrastructure. – June 2003, additional funds released to study health impact of attacks on fire fighters, police, etc.
T YPES OF PROGRAMS (2/4) Liberty Zone Tax Benefits (approx. $5 billion In forgone revenue, although new estimates are lower) include: – Employee tax credits (for example, the Work Opportunity Tax Credit) – Depreciation allowance – Private Activity Bonds (a/k/a Liberty Bonds)
T YPES OF PROGRAMS (3/4) Community Development Block Grants (CDBG) ($3,483 billion) – Funds from the U.S. Department of Housing and Urban Development (HUD) to the Empire State Development Corporation (ESDC) & Lower Manhattan Development Corporation (LMDC) for revitalizing lower Manhattan. – HUD waived the usual low- and moderate-income targeting restrictions on CDBG funds. – ~ $1.1 billion remains unallocated
T YPES OF PROGRAMS (4/4) Transportation ($2,347 billion) – The Federal Transportation Administration and Federal Highway Administration, along with FEMA, will control funds for intermodal transit projects and street level improvements in lower Manhattan – Priority projects include a WTC transit hub, Fulton Street Transit Center and South Ferry Terminal.
CONFIDENTIAL 7 What Does the Future Hold? Despite the positive trends, time from initial investment to exit is at an historic high of greater than 6 years! Animationer Highligter midten? Svært at læse Forkert. Første resultat på Google
CONFIDENTIAL 8 NOT What Does the Future Hold? Despite the positive trends, time from initial investment to exit is at an historic high of greater than 6 years! Despite the positive trends, time from initial investment to exit is at an historic high of greater than 6 years!
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L EARNER E XPECTATION Content Standard 14.0 The student will investigate energy and its uses. Learning Expectations 14.2 Recognize that sound is produced when objects vibrate.
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