February 18, 2009

Bloomberg spurs laid off Wall Streeters to start companies

Filed under: FYI,US — DF @ 6:33 pm
Tags: , ,

Mayor Michael Bloomberg, on Wednesday offered new incentives to tens of thousands of laid-off Wall Street workers to become entrepreneurs themselves.

Under Bloomberg’s new 11-point plan, would-be entrepreneurs can win a cash prize and a trip to the city by winning a competition for the best financial services business plan. They also can qualify for 250 grants of $20,000 to $250,000 from a new $3 million city fund. Start-ups also will be able to lease offices at $200 per person for six months.

Mayor Michael Bloomberg, an ex-trader on Wall Street, a billionaire entrepreneur ~ Reuters

Source: Reuters


  1. does anyone have any details? I’ve not seen anything since the initial announcement.

    Comment by Anonymous — March 12, 2009 @ 9:02 am | Reply

  2. Yeah, sounds like BS. Or a lottery. Or both.

    Comment by Anonymous — March 12, 2009 @ 10:20 am | Reply

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