In the wake of the collapse of the WTC 7, New Jersey’s state legislature approved a $1 billion state bailout for light-steel manufacturers.
New York and Long Beach also agreed to help out.
The state also approved a new law that will allow state-controlled corporations to raise the price of their products.
Now, these industries have come under fire from some lawmakers who claim the law was never intended to benefit the fabric industry, and they say the government has failed to adequately provide financial assistance for these industries.
The New Jersey Legislature’s decision to issue the bailout comes as the United States continues to struggle to recover from the devastating economic fallout from the attacks of September 11, 2001.
But this is not the first time the New Jersey and New York state governments have offered financial assistance to industries impacted by the attacks.
In 2008, New Yorkers received $6.2 billion in federal assistance to rebuild after the Great Recession, according to the New York Times.
New Jersey lawmakers have since passed several bills that have sought to provide relief to the fabric manufacturers.
In 2013, the New Hampshire Legislature passed legislation that provided $4 billion in assistance to the state’s fabric industry.
But the governor’s office quickly released a statement saying the legislation “does not extend the state aid or provide any financial aid to companies that may have been affected by the collapse.”
The statement did not specify how the legislature came to the conclusion that the state would not be able to provide aid.
This week, New Hampshire Governor Maggie Hassan, a Democrat, called the New Yorker legislation a “lame excuse.”
“In the past, when we have been in the process of recovering from a major disaster, we’ve done everything we can to support these companies,” she said.
“That’s not the case here.”
The state is also offering tax breaks to fabric manufacturers that have been hit hard by the economic downturn.
Last year, for example, the state was offering an $8,000 tax credit to manufacturers that had lost more than 10 percent of their sales since September 10.
The governor’s statement said the credit would not apply to manufacturers who have already been hit with tax bills from the financial crisis.
The statement added that this tax credit was not meant to be used for fabric manufacturers “who have been hurt by the recession or any other downturn.”
The New York legislature has passed similar legislation, but the Governor’s office said in a statement that the legislation would not go into effect for “at least two years” and that it would be rescinded when the state had recovered from the economic fallout.
The American Fabrics Council, an advocacy group for the fabric manufacturing industry, issued a statement Wednesday slamming the New England state lawmakers for their actions.
“New York state lawmakers and the New Yorkers of New Jersey are using taxpayer dollars to bail out a failing industry that lost tens of thousands of jobs in the wake the devastating terrorist attacks,” the statement said.
The group said that the “state has been unable to meet its obligations to workers and communities since September 11 and has made a mockery of the billions of dollars it has already spent to recover.”