NY pension fund offering loans to veterans - FOX 10 News | fox10phoenix.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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • Business is good at Coney Island

    Business is good at Coney Island

    Friday, August 29 2014 10:22 PM EDT2014-08-30 02:22:32 GMT
    From the brand-new Thunderbolt roller coaster to the world-famous boardwalk, tourists and business owners alike say Coney Island had a great ride of its own this summer. Toms Coney Island's general manager Vasilios Tourlokas says the mild summer impacted his boardwalk business in the best way possible: a 10 to 15 percent increase.
    From the brand-new Thunderbolt roller coaster to the world-famous boardwalk, tourists and business owners alike say Coney Island had a great ride of its own this summer. Toms Coney Island's general manager Vasilios Tourlokas says the mild summer impacted his boardwalk business in the best way possible: a 10 to 15 percent increase.
  • NYC Denny's features $300 breakfast

    NYC Denny's features $300 breakfast

    Friday, August 29 2014 4:04 PM EDT2014-08-29 20:04:13 GMT
    Diner chain Denny's is opening it's first New York City location, complete with a big-city "deal".   How does a $300 breakfast sound?    The Denny's is located at the corner of Nassau and Spruce in Lower Manhattan's Financial District.  Along with its normal food you can get at just about any location in the rest of the country, this location will offer a Grand Slam breakfast with a bottle of 2003 Dom Perignon champagne.
    Diner chain Denny's is opening it's first New York City location, complete with a big-city "deal".   How does a $300 breakfast sound?    The Denny's is located at the corner of Nassau and Spruce in Lower Manhattan's Financial District.  Along with its normal food you can get at just about any location in the rest of the country, this location will offer a Grand Slam breakfast with a bottle of 2003 Dom Perignon champagne.
  • Some Showboat workers get new jobs within company

    Some Showboat workers get new jobs within company

    Friday, August 29 2014 2:54 PM EDT2014-08-29 18:54:36 GMT
    More than 470 of the 2,000-plus workers at Atlantic City's Showboat Casino Hotel have found new jobs with other casinos owned by its parent company. The Showboat is shutting down Sunday afternoon after 27 years on the Boardwalk.
    More than 470 of the 2,000-plus workers at Atlantic City's Showboat Casino Hotel have found new jobs with other casinos owned by its parent company. The Showboat is shutting down Sunday afternoon after 27 years on the Boardwalk.
  • MilitaryMore>>

  • Ceremonies mark 75 years since World War II began

    Ceremonies mark 75 years since World War II began

    Monday, September 1 2014 8:55 PM EDT2014-09-02 00:55:49 GMT
    Ceremonies were being held all around the world to mark the 75th anniversary of the outbreak of World War II. Yet, the world of today differs far greatly from the depression ravaged world of the 1930s.
    Ceremonies were being held all around the world to mark the 75th anniversary of the outbreak of World War II. Yet, the world of today differs far greatly from the depression ravaged world of the 1930s.
  • Obama: 'We don't have a strategy'

    Obama: 'We don't have a strategy'

    Friday, August 29 2014 7:57 AM EDT2014-08-29 11:57:22 GMT
    President Barack Obama tamped down the prospect of imminent U.S. military action in Syria on Thursday, saying "we don't have a strategy yet" for degrading the violent militant group seeking to establish a caliphate in the Middle East. The president spoke shortly before convening a meeting of his national security advisers to discuss a range of Pentagon options for confronting the Islamic State group.
    President Barack Obama tamped down the prospect of imminent U.S. military action in Syria on Thursday, saying "we don't have a strategy yet" for degrading the violent militant group seeking to establish a caliphate in the Middle East. The president spoke shortly before convening a meeting of his national security advisers to discuss a range of Pentagon options for confronting the Islamic State group.
  • 69 years later, World War II vet gets his medals

    69 years later, World War II vet gets his medals

    Saturday, August 23 2014 12:23 PM EDT2014-08-23 16:23:01 GMT
    World War 2 memorial in Washington DCWorld War 2 memorial in Washington DC
    A 97-year-old World War II veteran has finally received his service medals earned from his time in the Army.
    A 97-year-old World War II veteran has finally received his service medals earned from his time in the Army.
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 | New Terms of Service What's new | Ad Choices