Sher Valenzuela, First State Manufacturing, received millions in government business loans
August 27, 2012 8:20 PM Subscribe
posted by cashman (84 comments total)
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Small business owner and candidate for Lieutenant Governor of Delaware Sher Valenzuela is slated
to speak at the Republican National Convention on Tuesday as part of a platform meant to suggest business owners build businesses on their own with no assistance from government. The problem is that Valenzuela received millions of dollars in taxpayer funds as business loans from the US government, along with other government assistance. One Reddit user noticed
the url for the full name of Valenzuela's First State Manufacturing business was unregistered, and remedied that with full details.
The website's timeline
chronicles how Valenzuela's business got loans from the US Small Business Administration to rent space, expand inventory, conduct assessments, and relocate. Valenzuela's company got a factory funded by a 1.8 million dollar 504 SBA loan
(p. 24) and she even did a commercial
for the SBA proudly noting the receipt of the funds and assistance.