N.Y. to Help Charities Cut Costs, Find Funds
April 7, 2009
New York Mayor Michael Bloomberg unveiled plans yesterday for the city to help its 40,000 charitable organizations cut costs, find new donors, and secure loans, reports the news service Bloomberg.
The effort will focus on job-training and health-services organizations and groups that promote New York’s arts and culture. Under the program, the city will expand a loan program for nonprofit groups from $8-million to $20-million, streamline contracting rules for charities, and offer energy audits and other services to help nonprofit organizations reduce expenses.
The mayor owns Bloomberg LP, parent company of the namesake news service.
