New York isn’t exactly known as a hot bed of start-up company activity, but as the economic down turn drags on the city is trying to change that by helping out their small business and start-up community by funding affordable incubator office space. With a plethora of office space available and some businesses in need of a helping hand (i.e. one business using 175 sf for 6 people), it seems like the perfect time to offer a city funded startup incubator. New York plans to launch similar incubator spaces in all four boroughs.

As entrepreneurship becomes a function of necessity rather than opportunity and credit remains crunched, this is a great solution to help businesses get off the ground.