New York State Comptroller Thomas DiNapoli has traveled the state looking for solid investments. His hope is to use state-wide investment opportunities to jump-start economic growth and strengthen the New York State Retirement Common Fund. A fund which saw big losses in 2009. Our Sarah Hagen has more on the Comptroller's interest in investing with North Country businesses.

POTSDAM, N.Y. -- After seeing a loss from investments in 2009, the New York State Common Retirement Fund was forced to increase its contribution requirement, putting a strain on local governments and economies.

New York State Comptroller Thomas DiNapoli said, "It is our first increase in five years and of course, there will be continued pressure on our pension fund until we see our investment climate return to one of greater profitability."

DiNapoli says it will take time to bounce back. The in-state investments are geared to help pension programs and recipients in the future.

"So, we need to have a sense of that long term horizon. What are the investment choices that we are making today that we'll see and will be funded 10, 20 or 40 years down the road," said DiNapoli.

The state has roughly a half million dollars to invest into local businesses. Ideally, these investments will strengthen local economies and provide market returns for the Retirement Fund.

Comptroller DiNapoli has traveled through the state to find investment opportunities, making his last stop in the North Country.

Clarkson University President Tony Collins said, "It is tremendously encouraging that the Comptroller is here in Northern New York. That says we are on the radar screen for investment by the state. That is a stamp of approval."

Also encouraging that the Comptroller has put his support behind Clarkson University's initiative to get the North Country wired with broadband technology. Supporters say getting connected will make it easier for businesses to grow.

"From a business perspective, how do you use the broadband and access it, whether that be getting raw materials and supplies in, manufacturing products out or clearly telecommuting," said Collins.

Supporters believe the initiative will make the region more appealing to investors and give local businesses the tools to take advantage of in-state investment programs.