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Incentives to start a business in New York

Posted by: Colleen Debaise on February 18, 2009

There’s nothing like a severance package – and a little help from the government – to spur one to start a business. New York City’s mayor, Michael Bloomberg, a former Wall Streeter-turned-entrepreneur himself, has announced a $45 million plan to “retrain” those who have lost financial-industry jobs here in Manhattan, and give them incentives to create their own companies. According to this report, laid-off Wall Streeters could get access to seed capital and office space – and maybe, at last, have far more interesting stories to share at cocktail parties. (Of course we’re a little biased toward small business owners.)

Flip through our recent slide show to see how five ex-Wall Streeters are starting anew.

Reader Comments


February 20, 2009 7:11 PM

Wondering if the city will have an interest in enticing new start-up companies to relocate to New York? Companies such as TheParty.Net can, in theory, locate anywhere, but should be in a media hub. Mr. Mayor, are you listening?

Karen Walter

March 14, 2009 5:19 AM

wow!!!!! what a great website.....

Karen Walter

Real Estate

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What's it like to run your own company today? Entrepreneurs face multiple hurdles new and old, from raising capital and managing employees to keeping up with technology and competing in a global marketplace. In this blog, the Small Business channel's John Tozzi and Nick Leiber discuss the news, trends, and ideas that matter to small business owners. Follow them on Twitter @newentrepreneur.

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