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In a speech, last week in Virginia, President Obama stated, “If you were successful, you didn’t get there on your own” and added, “If you were successful, somebody along the line gave you some help.” Mr. Romney’s campaign took offense. In response, the Romney campaign released , “These Hands” – an ad showing a “business owner” named Jack Gilchrist, Gilchrist Metal Fabricating, stating that he, not the government, built his business.
In 1999, 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 the 1980s , Gilchrist Metal Fabricating obtained a U.S. Small Business Administration loan of around $500,000