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NYC Helping Layed-off Investment Bankers

"New York City has a $15 million plan -- a fraction of its $43 billion budget -- to help laid-off investment bankers start new careers as entrepreneurs. This month, the city began offering office space, complete with computers and kitchens, at the low rate of $200 a month per person. The city is seeding a $3 million "angel investment fund" for start-ups. It also hopes to use $30 million in federal recovery funds originally set aside to deal with the aftermath of the Sept. 11 attacks to give grants to companies that create jobs in lower Manhattan.

government agencies gov 2.0 nyc layed-off investment bankers city stimulus
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