Hurricane Sandy economic damage News

$40M Program to Aid New Jersey Tenants Affected by Sandy

New Jersey has launched a $40 million grant program to encourage landlords to rent vacant properties to low- and moderate-income tenants affected by Superstorm Sandy. The Landlord Incentive program covers about 30 percent of monthly rents for qualifying tenants. The …

White House $60 Billion Sandy Relief Request Includes Flood Insurance Funding

The White House has officially asked Congress to authorize $60.4 billion in federal spending for response, recovery and mitigation related to Hurricane Sandy damage in all affected states. The request, in a letter to the House of Representatives last Friday, …

Sandy Costing New York City $200 Million a Day

The aftermath of super storm Sandy is costing New York City up to $200 million a day in permanently lost economic activity, including everything from the sale of pizza slices to corporate mergers and other Wall Street deals, the city’s …

Hurricane Sandy Delivers Severe But Short-Term Economic Blow: Economists

Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is expected, the blow to the economy is seen as short-term. Economists say some of …