Businessweek Archives

Incentives to start a business in New York

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.

The Aging of Abercrombie & Fitch
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