Committee on Financial Services
United States House of Representatives
How the Terrorism Risk Insurance Act Impacts You
The Terrorism Risk Insurance Act: Keeping Our Nation Protected
Enacted in the aftermath of September 11, 2001, the Terrorism Risk Insurance Act (TRIA) ensures our largest venues, businesses, and employers have affordable access to terrorism insurance coverage for over a decade. It does so by requiring insurance companies to offer coverage in exchange for a federal backstop that is used to protect against only the most sever terrorism-related losses. Unfortunately, as TRIA approaches its expiration at the end of 2014, Republicans are trying to make dramatic changes that will harm job creation, slow economic growth, and end the certainty many business owners need to grow and expand. In every state, TRIA is playing a vital role in creating jobs and facilitating economic growth. Hover over a state to see how TRIA keeps our nation protected.
(AL) Alabama's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Alabama has a terrorism risk insurance policy, TRIA protects 1.9 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Alabama's most important engines of job creation and economic growth. They include:
- University of Alabama stadium - 5th largest in the nation, seating up to 101,821 people
- Talladega Speedway - a $26 million project in Talladega, AL
- Brookley Aeroplex - this project is estimated to create 3,200 construction jobs in Mobile, AL.
(AK) Alaska's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. The expiration of the program would undermine their ability to invest, create jobs and contribute to the economy.
The Terrorism Risk Insurance Act is critical to many of Alaska's most important engines of job creation and economic growth. They include:
- More than 50 hydroelectric power plants supply Alaska communities, including the 126-megawatt Bradley Lake plant near Homer that generates power for Alaskans from the Kenai Peninsula to Fairbanks.
- Tourism sector which supports over 36,000 direct and indirect jobs.
- Travel spending which generates $138.8 million for AK.
(AZ) Arizona's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Arizona has a terrorism risk insurance policy, TRIA protects 2.5 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Arizona's most important engines of job creation and economic growth. They include:
- The Palo Verde Nuclear Generation Station (50 miles west of Phoenix) cost $5.9 billion to build and is the largest nuclear energy generating facility in the U.S.
- BCS Fiesta Bowl in Tuscon, which generates more than $3 million from visitors.
- Cityscape high-rise - a $900 million development in Phoenix.
(AR) Arkansas' largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Arkansas has a terrorism risk insurance policy, TRIA protects 1.2 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Arkansas' most important engines of job creation and economic growth. They include:
- The Big River Steer Construction Project - a $1.1 billion investment that will create 525 permanent jobs and 2,000 construction jobs.
- Tyson Foods - the largest poultry and meat producer in the world.
- State Capitol - valued at $320 million.
(CA) California's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in California has a terrorism risk insurance policy, TRIA protects 14.6 million workers in the state.
The National Consortium for the Study of Terrorism and Response to Terrorism (START) reported that California experienced the largest number of terrorist attacks (574) in the U.S. The Terrorism Risk Insurance Act is critical to many of California's most important engines of job creation and economic growth. They include:
- The Port of Los Aangeles and Port of Long Beach which handle over 40% of all containerized imports in the U.S.
- Los Angeles International Airport (LAX) - the sixth busiest airport in the nation with over 66 million passengers in 2013 alone.
(CO) Colorado's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Colorado has a terrorism risk insurance policy, TRIA protects 2.4 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Colorado's most important engines of job creation and economic growth. They include:
- The Coors Field - $452 million building costs in Denver CO.
- Sports Authority Field at Mile High, previously known as Invesco Field at Mile High - $520 million building in Denver.
- Colorado's agriculture - $16 billion industry.
(CT) Connecticut's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Connecticut has a terrorism risk insurance policy, TRIA protects 1.6 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Connecticut's most important engines of job creation and economic growth. They include:
- Yale University whose assets alone include a $20.8 billion endowment.
- City Place I - a $99 million net value skyscraper in Hartford, CT.
- Uncasville - $50 million casino complex expansion.
(DE) Delaware's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Delaware has a terrorism risk insurance policy, TRIA protects 424,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Delaware's most important engines of job creation and economic growth. They include:
- The Dover Days Festival - attracts 25,000 people annually.
- The Tourism industry - $2.1 billion industry that employs 39,000 people.
- Housing Development Corporation Midatlantic - $100 million, 450-unit Wilmington development.
(DC) District of Columbia's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in District of Columbia has a terrorism risk insurance policy, TRIA protects 773,100 workers in the district.
The Terrorism Risk Insurance Act is critical to many of District of Columbia's most important engines of job creation and economic growth. They include:
- The Watergate Complex - a $500 million construction cost building.
- Trump International Hotel - a $200 million investment that will support 500 permanent positions.
- Tourism industry which supports 75,300 jobs and contrubutes $4.8 billion in direct spending.
(FL) Florida's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Florida has a terrorism risk insurance policy, TRIA protects 7.5 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Florida's most important engines of job creation and economic growth. They include:
- The Port of Miami - accounts for 176,000 jobs, and has an annual economic impact in Miami of $18 billion and is the 11th largest cargo container port in the United States.
- One in Seven of all the world's cruise passengers start from Miami.
- Tourism industry has a direct impact of $51.1 billion on Florida's economy and supports more that 1 million jobs.
(GA) Georgia's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Georgia has a terrorism risk insurance policy, TRIA protects 4 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Georgia's most important engines of job creation and economic growth. They include:
- The Atlanta Motor Speedway - attracts over 200,000 fans for its events in Hampton.
- The CNN Center - $331 million building cost.
- The Bank of America Building - $150 million building cost.
(HI) Hawaii's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Hawaii has a terrorism risk insurance policy, TRIA protects 613,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Hawaii's most important engines of job creation and economic growth. They include:
- Tourism - contributes to about a third of GDP and supports about 178,600 jobs.
- Sixteen major U.S. military bases.
- Phase I of Ka Makana Alii - mixed-use regional shopping center, in which $500 million has been invested in development that will support 7,000 construction jobs and 7,900 permanent jobs.
(ID) Idaho's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Idaho has a terrorism risk insurance policy, TRIA protects 635,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Idaho's most important engines of job creation and economic growth. They include:
- 11.5 million acres of farmland.
- 262 high hazard and significant hazard dams.
- The Boise Town Square Mall.
(IL) Illinois' largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Illinois has a terrorism risk insurance policy, TRIA protects 5.8 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Illinois' most important engines of job creation and economic growth. They include:
- McCormick Place - the largest convention center in America.
- Willis Tower - $840 million net value building.
- Trump International Hotel & Tower - $847 million building cost.
(IN) Indiana's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Indiana has a terrorism risk insurance policy, TRIA protects 2.9 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Indiana's most important engines of job creation and economic growth. They include:
- The Indianapolis Motor Speedway - holds 250,000 people and cost more than $70 million in construction costs.
- 500 high hazard and significant hazard dams.
- Lucas Oil Stadium - construction costs totalled $768 million.
(IA) Iowa's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Iowa has a terrorism risk insurance policy, TRIA protects 1.5 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Iowa's most important engines of job creation and economic growth. They include:
- 30.7 million acres of farmland.
- Principal Financial Group - a $397 million improvement to its Des Moines campus.
- More than 90% of land in Iowa is used for agricultural purposes resulting in a severe threat of agro-terrorism.
(KS) Kansas' largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Kansas has a terrorism risk insurance policy, TRIA protects 1.4 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Kansas' most important engines of job creation and economic growth. They include:
- 47.2 million acres of farmland.
- Nearly 90 percent of land in Kansas is used for agricultural production resulting in a severe threat of agro-terrorism.
- Epic Center, One and Two Brittany Place, and several other buildings - $1.4 billion total transaction in 2007.
(KY) Kentucky's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Kentucky has a terrorism risk insurance policy, TRIA protects 1.8 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Kentucky's most important engines of job creation and economic growth. They include:
- Fort Knox military base.
- Kentucky Oaks mall.
- Kentucky Derby - attracts over 160,000 fans.
(LA) Louisiana's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Louisiana has a terrorism risk insurance policy, TRIA protects 1.9 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Louisiana's most important engines of job creation and economic growth. They include:
- Mardi Gras in New Orleans - draws over 1 million people.
- Ports in the state - handled 449.3 million short tons of cargo in 2009, ranking this state 2nd highest in the nation.
- The Liquefied natural gas export terminal, Lake Charles - planned project, priced at $5.6 billion.
(ME) Maine's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Maine has a terrorism risk insurance policy, TRIA protects 598,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Maine's most important engines of job creation and economic growth. They include:
- Travel spending - generates $10 billion in sales plus $3 billion in earnings and supports 140,000 jobs in Maine.
- 12 paper mills - produce more than 4% of Maine's gross domestic product.
- Retail and Housing Complex in Portland's Bayside neighborhood - $150 million building costs.
(MD) Maryland's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Maryland has a terrorism risk insurance policy, TRIA protects 2.6 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Maryland's most important engines of job creation and economic growth. They include:
- The M&T Bank Stadium in Baltimore - $310 million in construction costs.
- Camden Yards - $180 million construction costs.
- 10 major U.S. Military Institutions.
(MA) Massachusetts' largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Massachusetts has a terrorism risk insurance policy, TRIA protects 3.3 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Massachusetts' most important engines of job creation and economic growth. They include:
- 19 new development projects creating more than 2,300 jobs and retaining over 3,000 jobs.
- Hancock Place (John Hancock Tower) - acquired for $930 million in 2010.
- Marshfield Fair - attracts 180,000 people.
(MI) Michigan's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Michigan has a terrorism risk insurance policy, TRIA protects 4.3 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Michigan's most important engines of job creation and economic growth. They include:
- The GM Renaissance Center - one of the largest office complexes and renovation costs of $500 million.
- Ford Motor Company's World Headquarters.
- Data Center in Milford - $100 million development, $158 million equipment costs.
(MN) Minnesota's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Minnesota has a terrorism risk insurance policy, TRIA protects 2.8 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Minnesota's most important engines of job creation and economic growth. They include:
- Mall of America - acquired in 2006 for $1 billion.
- Humbert H. Humphrey Dome - invested $153 million construction costs.
- Target Field - $574 million construction costs.
(MS) Mississipi's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Mississipi has a terrorism risk insurance policy, TRIA protects 1.1 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Mississipi's most important engines of job creation and economic growth. They include:
- 23,377 jobs created by commercial casinos.
- Beau Ribage Casino in Biloxi - $1.1 billion construction costs.
- Island View Casino Resort in Gulfport - $50 million expansion plan.
(MO) Missouri's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Missouri has a terrorism risk insurance policy, TRIA protects 2.7 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Missouri's most important engines of job creation and economic growth. They include:
- The development of the St. Louis Cardinal's Ballpark Village which creates more than 1,000 construction jobs, and 500 permanent jobs.
- Busch Stadium III - $453 million building costs.
- Truman Medical Centers' Hospital Hill campus - $29 million renovations planned.
(MT) Montana's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Montana has a terrorism risk insurance policy, TRIA protects 445,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Montana's most important engines of job creation and economic growth. They include:
- The Cabela's Outpost store in Missoula construction - which will support 90 full-time, part-time, and season employees.
- Construction of single- and multi-family residents and mixed-use commercial office space.
- Tourism industry which supports $4.0 billion in total industry output, and generates state and local taxes of $281 million.
(NE) Nebraska's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Nebraska has a terrorism risk insurance policy, TRIA protects 962,300 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Nebraska's most important engines of job creation and economic growth. They include:
- NEBRASKAland Days in North Platte - attended by 100,000 people annually.
- TradeWind Energy Inc. wind farm in Dixon County - $400 million invested that will support 200 construction jobs and 12 to 16 permanent jobs.
- 45.6 million acres of farms and ranches.
(NV) Nevada's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Nevada has a terrorism risk insurance policy, TRIA protects 1.2 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Nevada's most important engines of job creation and economic growth. They include:
- 170,206 jobs created by commercial casinos.
- Palazzo, Encore, Trump International, and Wynn Las Vegas Hostels and Cosmopolitan Towers in Las Vegas - combined opening values of $12 billion..
- Las Vegas Stratosphere sold for $1.3 billion in 2007.
(NH) New Hampshire's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in New Hampshire has a terrorism risk insurance policy, TRIA protects 639,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of New Hampshire's most important engines of job creation and economic growth. They include:
- Mount Washington Hotel in Carroll - $45.4 million construction costs.
- Northern Pass Transmission LLC development project - $1.4 billion construction costs, $28 million in annual revenues, and 1,200 new jobs.
- Traveler spending supports 23,000 jobs and $320 million in tax receipts.
(NJ) New Jersey's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in New Jersey has a terrorism risk insurance policy, TRIA protects 3.9 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of New Jersey's most important engines of job creation and economic growth. They include:
- 34,276 jobs created by commercial casinos.
- Ten major U.S. Military installations.
- Prudential Financial office center in Newark - $444 million development.
(NM) New Mexico's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in New Mexico has a terrorism risk insurance policy, TRIA protects 810,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of New Mexico's most important engines of job creation and economic growth. They include:
- The 9-day Albuquerque International Balloon Fiesta - attended by 700,000-800,00 people per year which brings in $90 million in direct spending.
- El Paso Electric Power and First Soloar, Inc. - a 500-acre development that will support 300-400 construction jobs.
- Four major U.S. Military installations.
(NY) New York's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in New York has a terrorism risk insurance policy, TRIA protects 8.9 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of New York's most important engines of job creation and economic growth. They include:
- The The New York Stock Exchange - recently acquired for $8.2 billion.
- The Broadway Industry contributed $11.2 billion to the city's economy and supported 86,000 jobs.
- The Great New York State Fair in Syracuse attracts over a million people per year.
(ND) North Dakota's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in North Dakota has a terrorism risk insurance policy, TRIA protects 441,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of North Dakota's most important engines of job creation and economic growth. They include:
- Google's wind farms - $38.8 million investment.
- Traveler spending generates about $415 million in tax receipts annually and supports 24,620 jobs.
- The Big Iron Farm Show in West Fargo - attracts 70,000 visitors.
(NC) North Carolina's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in North Carolina has a terrorism risk insurance policy, TRIA protects 4 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of North Carolina's most important engines of job creation and economic growth. They include:
- The Duke Energy Center - $880 million construction cost.
- Biltmore Estate - $125 million estimated market value.
- Agribusiness giant Syngenta - $94 million expansion of Research Triangle presence will support 150 new research and development jobs
(OH) Ohio's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Ohio has a terrorism risk insurance policy, TRIA protects 5.2 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Ohio's most important engines of job creation and economic growth. They include:
- The Great American Tower in Cincinnati - $337 million construction cost.
- Tourism supports over 443,000 jobs and generates over $2.7 billion in tax revenues.
- Pro Football Hall of Fame Enshrinement Festival in Canton - attracts 700,000 visitors.
(OK) Oklahoma's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Oklahoma has a terrorism risk insurance policy, TRIA protects 2.8 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Oklahoma's most important engines of job creation and economic growth. They include:
- The Devon Energy Center in Oklahoma City - $750 million construction cost.
- BOK Tower in Tulsa - $355.8 million construction cost.
- Koch Nitrogen Energy expansion - a $1 billion investment in new urea plant, 500-800 new construction jobs, and 20-30 permanent employees.
(OR) Oregon's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Oregon has a terrorism risk insurance policy, TRIA protects 1.7 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Oregon's most important engines of job creation and economic growth. They include:
- The US Bancorp Tower in Portland - purchased for $286 million in 2006.
- Oregon's Oktoberfest Festival - attracts 400,000 visitors.
- Nike Project Impact - a $150 million investment that will generate thousands of jobs with paychecks averaging $100,000 per year.
(PA) Pennsylvania's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Pennsylvania has a terrorism risk insurance policy, TRIA protects 5.7 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Pennsylvania's most important engines of job creation and economic growth. They include:
- Comcast Center in Philadelphia - $590.3 million construction costs.
- The U.S. Steel Tower in Pittsburgh - $304.5 million construction costs.
- King of Prussia Mall - valued at $1.25 billion.
(RI) Rhode Island's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Rhode Island has a terrorism risk insurance policy, TRIA protects 467,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Rhode Island's most important engines of job creation and economic growth. They include:
- Tourism supports 70,200 jobs, generates $2.3 billion for the state's economy, and generates $860 million in tax receipts.
- General Dynamics submarine expansion - 600 new jobs.
- The Rhode Island Spring Flower and Garden Show.
(SC) South Carolina's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in South Carolina has a terrorism risk insurance policy, TRIA protects 1.9 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of South Carolina's most important engines of job creation and economic growth. They include:
- The Boeing Company expansion - $1 billion investment over eight years, new construction of plant that creates 2,000 new jobs.
- Spoleto USA in Charleston - attracts 70,000 visitors.
- Tourism industry - supports 107,900 jobs, generates $1.5 million in tax receipts, and $15 billion for the state's economy.
(SD) South Dakota's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in South Dakota has a terrorism risk insurance policy, TRIA protects 420,000 workers in the state.
The Terrorism Risk Insurance Act is critical to many of South Dakota's most important engines of job creation and economic growth. They include:
- Tourism industry - supports 26,000 jobs, and generates $281.8 million in tax revenues.
- Sturgis Rally in Sturgis - attracts a half a million visitors.
- The Eagle Creek Software Services expansion - $10 million investment, creating 1,000 new information technology jobs.
(TN) Tennessee's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Tennessee has a terrorism risk insurance policy, TRIA protects 2.8 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Tennessee's most important engines of job creation and economic growth. They include:
- Pinnacle at Symphony Place in Nashville - $170 million construction cost.
- Omni Nashville Hotel - $270 million construction cost.
- Tourism industry supports 177,800 jobs and generates $15.4 billion for the state's economy.
(TX) Texas' largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event.
The Terrorism Risk Insurance Act is critical to many of Texas' most important engines of job creation and economic growth. They include:
- The AT&T Performing Arts Center - $354 million valuation.
- Comerica Bank Tower - $134 million valuation.
- Fiesta San Antonio - attracts 3.5 million visitors per year.
(UT) Utah's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Utah has a terrorism risk insurance policy, TRIA protects 1.3 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Utah's most important engines of job creation and economic growth. They include:
- City Creek Center - $2 billion valuation.
- LDS Church Office Building - $167 million construction costs.
- Sundance Film Festival - attracts 50,000 visitors per year.
(VT) Vermont's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Vermont has a terrorism risk insurance policy, TRIA protects 307,100 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Vermont's most important engines of job creation and economic growth. They include:
- The Harvest Festival in Plymouth Notch - which attracts more than a million visitors per year.
- Norwich University expansion - $25 million dormitory.
- Tourism industry - contributes $1.4 billion in direct spending, generates $251.8 million in tax receipts, and supports 19,400 jobs.
(VA) Virginia's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Virginia has a terrorism risk insurance policy, TRIA protects 3.8 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Virginia's most important engines of job creation and economic growth. They include:
- The Fashion Centre at Pentagon City - $529.7 million valuation.
- Amazon Web Services expansion - multi-million dollar expansion that will create 500 engineering and IT jobs.
- Tourism industry in the state generates $2.6 billion in tax receipts and supports 207,000 jobs.
(WA) Washington's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Washington has a terrorism risk insurance policy, TRIA protects 2.9 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Washington's most important engines of job creation and economic growth. They include:
- The Columbia Center in Seattle - $436 million construction costs.
- Russell Investments Center in Seattle - $432 million construction costs.
- Skagit Valley Tulip Festival - attracts 1 million people per year.
(WV) West Virginia's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in West Virginia has a terrorism risk insurance policy, TRIA protects 769,300 workers in the state.
The Terrorism Risk Insurance Act is critical to many of West Virginia's most important engines of job creation and economic growth. They include:
- Greenbrier Hotel - $20 million purchase price in 2009.
- Upper Ohio Valley Italian Heritage Day in Wheeling which attracts 175,000 visitors per year.
- WVU Hospitals, Inc. expansion - $742.9 million over 20 projects that will create 7,100 jobs.
(WI) Wisconsin's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Wisconsin has a terrorism risk insurance policy, TRIA protects 2.8 million workers in the state.
The Terrorism Risk Insurance Act is critical to many of Wisconsin's most important engines of job creation and economic growth. They include:
- The Johnson Wax Headquaters - $19.6 million building cost.
- Summerfest in Milwaukee which attracts 700,000 visitors per year.
- Tourism industry which supports 1 out of 13 jobs and contributes $16.8 billion to the state's economy.
(WY) Wyoming's largest venues, businesses and attractions depend on the Terrorism Risk Insurance Act to ensure they can invest, create jobs and grow their business without being bankrupt by the cost of a terrorist event. Because every worker's compensation policy in Wyoming has a terrorism risk insurance policy, TRIA protects 290,500 workers in the state.
The Terrorism Risk Insurance Act is critical to many of Wyoming's most important engines of job creation and economic growth. They include:
- Tourism industry which supports 30,000 jobs, and generates $120 million in tax receipts.
- Cheyenne Frontier Days - which attracts nearly 200,000 visitors per year.
- Hilton Garden Inn hotel in Cheyenne construction a $15-$18 million project.
Estimates exclude North Carolina which ended its Emergency Unemployment benefit program in July 2013.
Committee on Financial Services • B301C Rayburn House Office Building • Washington, DC 20515 • (202) 225-4247
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