NYC Mayor Bloomberg says “follow in my footsteps” to laid off bankers.
Mike Bloomberg is to invest $45 million in financial start ups that are set up by laid off bankers. Some of this money will go on incubator units to help these new start ups get off the ground. Mayor Bloomberg sees opportunity in this recession, and as a result, New York City could become the Silicon Valley of the next decade. This could be the spark that ignites a firestorm of start up activity in NYC.
Hopefully others are watching and will follow suit.
