Monday, July 23, 2012

Star of Romney Ad Did Receive Government Assistance

From Political Wire


In a Mitt Romney ad last week, a stern Jack Gilchrist of Gilchrist Metal Fabricating tells President Obama that his family -- and not the government -- built his company.

But John DiStaso reports Gilchrist "did receive some government help for his business" in 1999 when the company received $800,000 in tax-exempt revenue bonds "to set up a second manufacturing plant and purchase equipment to produce high definition television broadcasting equipment."

In addition, Gilchrist Metal received a U.S. Small Business Administration loan of around $500,000 in the 1980s and has received several sub-contracts from the U.S. Navy.

Here's the video:

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