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DiNapoli wants to use state retirement fund money to invest in New York businesses

DiNapoli wants to use state retirement fund money to invest in New York businesses

State Comptroller Tom Di Napoli is touting the success of the In-State Private Equity Program, which has made more than a billion dollars available for investment over the last several years. Right now, Di Napoli says the state has about $400 million on hand and is calling for entrepreneurs to pitch their ideas and business plans.

The Equity Program was created by the legislature in 1999.  Since Di Napoli took office, he says more than 250 companies have benefited from it, and around 4-thousand jobs either created or retained.

Here's the official statement from the NYS comptroller's office: CLICK HERE

 

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