Moscow to spend $12.8 million on youth business by 2012
Moscow authorities are planning to spend some 400 million rubles ($12.8 million) until 2012 on the development of youth business, a Moscow official in charge of small and medium business development said on Wednesday.
"Moscow plans to allocate up to 133 million rubles ($4.27 million) in 2010-2012 to maintain and develop youth entrepreneurship, and some 266 million rubles ($8.55 million) could be taken from the federal budget," Alexander Karpov said during a Moscow city government meeting.
He also said youth business entrepreneurship centers may be opened at some 30 Moscow universities.
"At least 750 small enterprises may be formed within these centers. We can create 1,800 new jobs," he said, adding that the businesses in question could see profits of 1.7 billion rubles ($54.6 million).
Karpov said the Moscow authorities were also planning to attract children to business activities. Some of the capital`s secondary schools have already launched business seminars, he added.
|
