Bank funds entrepreneurship program

State Bank of Long Island First Vice President, Jake Ivry, presented a $3,000 check to the National Foundation for Teaching Entrepreneurship (NFTE) to help fund a Youth Entrepreneurship program in Long Island City High School.
The program will teach students business concepts through hands-on experiences such as field trips to the wholesale district, selling events and interacting with local entrepreneurs. At the end of the program each student will be expected to have developed and presented an individual business plan.
“We are proud to support the National Foundation for Teaching Entrepreneurship. We hope that this gift will continue to enhance the Foundation’s commitment to quality programs for students. We are especially pleased that our grant is benefiting Long Island City High School whose commitment to NFTE programming has been remarkable,” Ivry said on February 8.
The mission of the National Foundation for Teaching Entrepreneurship, a not-for-profit organization, is to teach entrepreneurship to young people from low-income communities to enhance their economic productivity by improving their business, academic, and life skills. NFTE partners with schools, universities and community-based organizations.
State Bank of Long Island is the largest independent commercial bank headquartered in Nassau County. In addition to its sixteen branch locations throughout Nassau, Suffolk, and Queens Counties, the Bank owns N.Y. based-Studebaker-Worthington Leasing Corp. and maintains a lending facility in Jericho.