Feb 18, 2009 2:25 pm US/Eastern
NYC Launches Program To Encourage Entrepreneurs
NEW YORK (AP) ―
New York City is launching 11 business programs to encourage entrepreneurship and help the financial services sector rebound from the economic downturn.
Mayor Michael Bloomberg is announcing the plan Wednesday at the first city-sponsored ''business incubator,'' where entrepreneurs can rent office space for $200 per person per month, get office services, take advantage of networking opportunities and receive training.
The city is also forming a fund to help support startup companies and launching services meant to help people laid off from financial services industry jobs start and join new companies.
In addition, officials will seek to recruit new financial services companies to the city, including commercial banks and insurance companies based in China and India.
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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