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Report: NYC Businesses May Get Funds

November 23, 2002

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NEW YORK (AP) _ Businesses hardest hit by the Sept. 11, 2001, terrorist attack are likely to receive any money leftover from the state’s small business grant program, a published report said Saturday.

``We are predisposed to providing additional assistance to those businesses that were most severely impacted by the events of Sept. 11,″ Michael Marr, a spokesman for the Empire State Development Corporation, which administers the program, told The New York Times.

The World Trade Center Business Recovery Grant Program still has about $78 million in its coffers, out of an original $481 million earmarked for companies in lower Manhattan with up to 500 employees. The deadline for applying for assistance is Dec. 31.

Marr cautioned it was still too soon to know if the agency would have any money leftover or to say how the money would be distributed.

As of Nov. 15, the business recovery program had doled out $402.5 million to 10,322 business.

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