The company featured in an ad for Mitt Romney that goes after President Obama for saying “you didn’t build that” got a whole lot of government loans and contracts.
In a new TV ad, Romney features an offended New Hampshire businessman, saying, “My father’s hands didn’t build this company? My hands didn’t build this company? My son’s hands aren’t building this company?”
The New Hampshire Union Leader’s John DiStato today reports that in 1999 the business in question, Gilchrist Metal, “received $800,000 in tax-exempt revenue bonds issued by the New Hampshire Business Finance Authority ‘to set up a second manufacturing plant and purchase equipment to produce high definition television broadcasting equipment’…” In addition, in 2011, Gilchrist Metal “received two U.S. Navy sub-contracts totaling about $83,000 and a smaller, $5,600 Coast Guard contract in 2008…”