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Wall Street West Updates

Wall Street West Updates - Monday, March 17, 2008 at 4:23PM EST

Reported by: Laurie Monteforte
Monday, Mar 17, 2008 @04:23pm EST
SCHNECKSVILLE, LEHIGH COUNTY - Since September 11 New York's financial district has wanted a back up site where operations can continue even during a disaster.

Developers and politicians in Northeast Pennsylvania say they will bring Wall Street West here and they've put up the money to prove it.

Chris Haran from Wall Street West/Wired said, "We hope that firms will start looking at Northeast Pennsylvania as a place to expand their businesses so that they don't have all their eggs in one basket."

Wall Street West organizers want to lure in big companies so they're making sure those companies can find the employees they need right here.

Last fall officials gave area schools and businesses more than $600,000 to invest in new ideas that will help teach workers about the financial industry. Monday during a meeting at Lehigh Carbon Community College several of the grant recipients explained what they did with the cash.

East Stroudsburg University spent about $90,000 to put together an online classroom where anyone can learn what it's like to work on Wall Street.

Lehigh Carbon Community College used its grant to help high school teachers learn how to pass on an interest in the financial field. "We want to be part of that pipeline as young people learn what careers are out there, what careers suit them," said Marsha Felsten of LCCC.

People involved with Wall Street West hope the investment money helps many students choose careers that prove to Wall Street, Northeast Pennsylvania has the workforce it needs.

During that meeting Wall Street West gave out even more money - about $600,000.
 


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