A New Reality

September 30, 2001|By Robert Little

At the instant that a hijacked jetliner crashed into the north tower of the World Trade Center in New York, an investment deal fell apart in York, Pa.

A new venture was conceived in Baltimore just after the towers collapsed.

A Pikesville tour company lost half its business in the days that followed.

An Annapolis-based Web site was reborn.

Like the human costs, the financial and economic impact of the terrorist attacks Sept. 11 was both immediate and beyond calculation. The effects continue and are felt well beyond Manhattan, and by many more businesses than those in the twin towers.

The Sun, in interviews last week, found that industries - as varied and disparate as finance and tourism - suffered stark declines, matched by a darkening mood among American consumers.

Businesses specializing in security services and private aviation, meanwhile, enjoyed remarkable gains. Some new products are already being formed because of the attacks.

Some fortunes have risen, more have fallen, but companies of all sizes and designs say they are operating in a new climate - one that began Sept. 11. Throughout Maryland and the rest of the country, business has changed.

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Dunbar Armored Inc. lost a quarter of its armored car business in Lower Manhattan.

Superior Tours of Pikesville saw its buses cut off from Manhattan by the disaster's impact on area roads.

iJET Travel Intelligence has seen business soar since the terrorist attacks.

Barcoding.com Inc. is working on a deal with a major airline to identify travelers and luggage.

Signature Flight Support's local employees are rushing to meet an increase in demand.

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