Business Services Industry

Prudence and ultimate gains.(New York's economy after terrorist attacks)(Brief Article)

Crain's New York Business, September, 2001 by Townsend, Alair

The emotional shock waves from the attack on the World Trade Center have rattled every New Yorker. Now we must brace for the economic reverberations. The economic fallout is extending across the city, well beyond lower Manhattan. It is rocking firms serving the airline industry, companies in the travel and tourism business, media and the advertising industry, financial services, caterers, non-profit organizations other than those directly responding to the disaster, and more.

Few businesses are unaffected. Receipts from the city's personal income and business taxes are falling in response. There are three points to remember as we go forward. We need to take the long view. Huge sums will be available for recovery and reconstruction. Personal, property...

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