Star of Romney Ad Did Receive Government Assistance

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: