NY pension fund offering loans to veterans - FOX 10 News | myfoxphoenix.com

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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • Do mosquito-repellent apps really work?

    Do mosquito-repellent apps really work?

    Wednesday, July 23 2014 11:01 PM EDT2014-07-24 03:01:26 GMT
    What would you do if there was an app that repelled mosquitoes? Well, there are 2 free apps that claim they repel mosquitoes. The Android app from Prothoughts releases high-frequency sound that mosquitoes reportedly don't like. And you can select several frequencies up to 22 kilohertz.The iPhone app from Pico Brothers also claims to drive away mosquitoes. But this one says it cannot guarantee 100 percent success. We went to an expert to see if these types of apps really work.
    What would you do if there was an app that repelled mosquitoes? Well, there are 2 free apps that claim they repel mosquitoes. The Android app from Prothoughts releases high-frequency sound that mosquitoes reportedly don't like. And you can select several frequencies up to 22 kilohertz.The iPhone app from Pico Brothers also claims to drive away mosquitoes. But this one says it cannot guarantee 100 percent success. We went to an expert to see if these types of apps really work.
  • Latest wedding trends and tips

    Latest wedding trends and tips

    Wednesday, July 23 2014 10:35 PM EDT2014-07-24 02:35:07 GMT
    Summer is wedding season. Christal Young reports on some recent wedding trends. Kellee Khalil, the founder of a wedding search engine Lover.ly, gives her take on the trends and also shares some tips.
    Summer is wedding season. Christal Young reports on some recent wedding trends. Kellee Khalil, the founder of a wedding search engine Lover.ly, gives her take on the trends and also shares some tips.
  • The future of technology

    The future of technology

    Wednesday, July 23 2014 7:01 PM EDT2014-07-23 23:01:39 GMT
    For New Yorkers fed up with the nightmare otherwise known as traffic, a futuristic answer may be closer than you think: driverless cars.Gray Scott is a futurist with seriouswonder.com. He and his colleagues track the future of technology. He says driverless cars will be a reality.After launching Google Glass just months ago, Google is about to take vision innovation a step further.
    For New Yorkers fed up with the nightmare otherwise known as traffic, a futuristic answer may be closer than you think: driverless cars.Gray Scott is a futurist with seriouswonder.com. He and his colleagues track the future of technology. He says driverless cars will be a reality.After launching Google Glass just months ago, Google is about to take vision innovation a step further.
  • MilitaryMore>>

  • Staff Sgt. Ryan M. Pitts

    Army veteran receives Medal of Honor for bloody Afghanistan battle

    Army veteran receives Medal of Honor for bloody Afghanistan battle

    Monday, July 21 2014 4:17 PM EDT2014-07-21 20:17:48 GMT
    White House imageWhite House image
    President Barack Obama bestowed the Medal of Honor Monday on a former Army staff sergeant who fought off enemy fighters during one of the bloodiest battles of the Afghanistan war. Ryan M. Pitts is the ninth living recipient of the nation's highest decoration for battlefield valor for actions in Iraq and Afghanistan.
    President Barack Obama bestowed the Medal of Honor Monday on a former Army staff sergeant who fought off enemy fighters during one of the bloodiest battles of the Afghanistan war. Ryan M. Pitts is the ninth living recipient of the nation's highest decoration for battlefield valor for actions in Iraq and Afghanistan.
  • Coast Guard Cutter Eagle: 'America's Tall Ship'

    Coast Guard Cutter Eagle: 'America's Tall Ship'

    Friday, July 18 2014 6:22 PM EDT2014-07-18 22:22:04 GMT
    The boatswain's pipe aboard the U.S. Coast Guard Cutter Eagle rendered honors, Friday, not for Fox 5 but for some more dignified individual who'd just climbed aboard one of the very few active square riggers still in U.S. government service. Riveted together in Hamburg, Germany, for the German Navy, the Eagle earned its American citizenship when the United States seized it after World War II.
    The boatswain's pipe aboard the U.S. Coast Guard Cutter Eagle rendered honors, Friday, not for Fox 5 but for some more dignified individual who'd just climbed aboard one of the very few active square riggers still in U.S. government service. Riveted together in Hamburg, Germany, for the German Navy, the Eagle earned its American citizenship when the United States seized it after World War II.
  • Soldiers' use of mental health services up, stigma down

    Soldiers' use of mental health services up, stigma down

    As war raged in Iraq and Afghanistan, U.S. soldiers almost doubled their use of mental health services -- and they felt more comfortable seeking such treatment, according to new research.
    As war raged in Iraq and Afghanistan, U.S. soldiers almost doubled their use of mental health services -- and they felt more comfortable seeking such treatment, according to new research.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

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