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Thursday, August 26, 2010

RoJo Bootstrapped Business Expansion With Government Loan

Double-talkerAccording to this article by Capitol Bureau Chief Bob Schaper, when anti-government mister-free-enterprise businessman Ron Johnson leveraged some capital to expand his business in the 1980's, he side-stepped free-market banks in favor of a super-duper below-market interest rate gov-mint bond.
WKOW Excerpt:
According to a July 19, 1985, article published in the Oshkosh Northwestern, a $2.5 million industrial development revenue bond was approved by the Oshkosh Common Council on July 18, 1985. An article in the same newspaper, dated Feb. 16, 1986, said Pacur Inc., co-owned by Johnson, used the money to build a 40,000-square-foot addition.
And yet another hand-out here.

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