NY pension fund offering loans to veterans - New York News

NY pension fund offering loans to veterans

ALBANY, N.Y. (AP) - The New York comptroller and state's Business Development Corp. say they've made a $50,000 loan to a distributor of fine chocolates in an ongoing program to help military veterans.

The loan to 5th Avenue Chocolatiere, a family-run business with more than 20 employees in New York City and Long Island, helped it open Chocolate Works. The 10,000-square-foot interactive chocolate factory and retail shop located in Nassau County hosts private parties and workshops.

Chief executive Joseph Whaley, an Iraq War veteran and West Point graduate, says they anticipate adding many jobs as they increase exports and gain recognition.

In 2007, Comptroller Thomas DiNapoli, trustee of the state's $161 billion pension fund, and NYBDC announced $5 million in fixed-rate loans for veterans up to $150,000 for existing small businesses or start-ups.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Your MoneyMore>>

  • Getting married? You may want your prenup to protect your 'digital privacy'

    Getting married? You may want your prenup to protect your 'digital privacy'

    Friday, April 18 2014 10:11 PM EDT2014-04-19 02:11:48 GMT
    Realty TV star Kim Kardashian probably wished she did have one before she walked down the aisle with Kris Humphries. We might never have known about Tiger Woods' cheating ways if he had one. And figure skater Johnny Weir is insisting on one as part of his post-nuptial agreement. What is it? A digital privacy clause. New York City divorce lawyer Bettina Hindin says once you push "send" someone can find it.
    Realty TV star Kim Kardashian probably wished she did have one before she walked down the aisle with Kris Humphries. We might never have known about Tiger Woods' cheating ways if he had one. And figure skater Johnny Weir is insisting on one as part of his post-nuptial agreement. What is it? A digital privacy clause. New York City divorce lawyer Bettina Hindin says once you push "send" someone can find it.
  • Grocery-store etiquette

    Grocery-store etiquette

    Friday, April 18 2014 7:24 PM EDT2014-04-18 23:24:07 GMT
    Whether barricading shopping aisles with abandoned carts, massaging every piece of fruit in the building, or blankly staring at a shelf of items so no one else can pick one, grocery store pests can turn a quick trip to restock your fridge into a nightmare.
    Whether barricading shopping aisles with abandoned carts, massaging every piece of fruit in the building, or blankly staring at a shelf of items so no one else can pick one, grocery store pests can turn a quick trip to restock your fridge into a nightmare. In the hope of gently educating those unclear on grocery-shopping etiquette, we asked you to help us put together a list of what not to do.
  • Expert: credit cards are not fully secure

    Expert: credit cards are not fully secure

    Friday, April 18 2014 6:49 PM EDT2014-04-18 22:49:51 GMT
    Another week and another credit card hacking at a major retailer. This time it was Michael's craft store. Consumers are uneasy because current credit card technology is antiquated. "The fact is you cannot protect your credit cards, you can't every time you give it out it is vulnerable to fraud," says Robert Siciliano, McAfee identity theft expert.
    Another week and another credit card hacking at a major retailer. This time it was Michael's craft store. Consumers are uneasy because current credit card technology is antiquated. "The fact is you cannot protect your credit cards, you can't every time you give it out it is vulnerable to fraud," says Robert Siciliano, McAfee identity theft expert.
  • MilitaryMore>>

  • Drone strike kills 9 Al-Qaeda militants

    Drone strike kills 9 Al-Qaeda militants

    Saturday, April 19 2014 4:39 PM EDT2014-04-19 20:39:15 GMT
    An American drone strike has killed nine suspected Al Qaeda militants and inadvertently killed and wounded some civilians. The raid targeted a car carrying the militants in the Sawmaa area in the al-Bayda province.
    An American drone strike has killed nine suspected Al Qaeda militants and inadvertently killed and wounded some civilians. The raid targeted a car carrying the militants in the Sawmaa area in the al-Bayda province.
  • Fort Drum soldier fatally wounded in Afghanistan

    Fort Drum soldier fatally wounded in Afghanistan

    Thursday, April 17 2014 3:12 PM EDT2014-04-17 19:12:36 GMT
    U.S. Army photoU.S. Army photo
    A soldier from Fort Drum in northern New York has died from wounds suffered in combat in Afghanistan, the Department of Defense announced. Spc. Kerry M. G. Danyluk, 27, of Cuero, Texas, was wounded during a firefight with insurgents in Pul-e-Alam, Logar province on April 12, 2014, the Pentagon said. The military flew him to Landstuhl Regional Medical Center in Germany, where he died three days later.
    A soldier from Fort Drum in northern New York has died from wounds suffered in combat in Afghanistan, the Department of Defense announced. Spc. Kerry M. G. Danyluk, 27, of Cuero, Texas, was wounded during a firefight with insurgents in Pul-e-Alam, Logar province on April 12, 2014, the Pentagon said. The military flew him to Landstuhl Regional Medical Center in Germany, where he died three days later.
  • First women move into Army platoon artillery jobs

    First women move into Army platoon artillery jobs

    Tuesday, April 15 2014 12:42 PM EDT2014-04-15 16:42:56 GMT
    Under a canopy of trees on the edge of a large field, soldiers from Bravo Battery are lying in a circle as they pore over targeting charts. Nearby, others are preparing the howitzer cannons as helicopters swoop overhead. At the edge of the circle, the platoon leader watches as the field artillerymen go through their training exercise.No one seems to notice the small knot of hair at the base of the lieutenant's helmet.
    Under a canopy of trees on the edge of a large field, soldiers from Bravo Battery are lying in a circle as they pore over targeting charts. Nearby, others are preparing the howitzer cannons as helicopters swoop overhead. At the edge of the circle, the platoon leader watches as the field artillerymen go through their training exercise.No one seems to notice the small knot of hair at the base of the lieutenant's helmet.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices