News Clip: After 9/11, Financial District Less Dominated By Finance
The Financial District has transformed in the decade since the terrorist attacks of Sept. 11, 2001, which initially turned the downtown area into a scene of devastation and turmoil. New businesses and residents have moved in, imbuing a neighborhood once dominated by finance with a new measure of diversity. From 2002 to 2010, the share of workers downtown employed in finance, insurance and real estate dropped from 33 percent to 28 percent, according to data from the Alliance for Downtown New York.
In name, the neighborhood is still the Financial District. But experts say the city’s financial center of gravity has moved elsewhere.