In June 50 recent college graduates, from some of the best schools in the U.S., will join start-ups in struggling cities as part of Venture for America, a new program designed to help young companies, promote entrepreneurship and generate job growth. As VFA fellows, the graduates will receive five weeks of training at Brown University—where they’ll learn Excel and other consulting and banking-type skills—before moving to Detroit, New Orleans, Cincinnati and Providence for two years. Fifty companies— like The Brandery, in Cincinnati, and Detroit Venture Partners— will pay the fellows up to $38,000 a year, plus health benefits, to do everything from buying office supplies to making sales calls— whatever the small, fast-growing companies need.
“It’s true that a challenge is to put a fellow in a position where he or she can contribute and develop,” says VFA founder Andrew Yang, 37. “These companies have to have a genuine need for someone. It’s very difficult for a start-up to compete alongside big consulting firms and banks when they’re only looking to hire one or two people.”
To read the full, original article click on this link: An Entrepreneur's Big Idea to Boost Struggling Cities - Forbes
