August 15, 2020

When Washington Helped Small Business, Washington Was Helped

Anzalone, which is based in Alabama, lists companies including Airbnb and Volkswagen, as well as the Chicago Cubs and the Seattle Seahawks, among its clients. Lake Research’s founder and president, Celinda Lake, said less than half of the firm’s revenue was from “electoral politics.” She said, “We do a lot of different kinds of work — marketing, government, nonprofits, labor unions, corporate.”

Loans also went to a trio of firms that have collectively been paid more than $3 million for direct mail by the Biden campaign — Belardi Wong, Chapman Cubine and Hussey and Resonance Campaigns.

Likewise, at least three firms or their affiliates received loans totaling at least $1.7 million while being paid millions by Mr. Trump’s re-election campaign and the committees supporting it.

FLS Connect, a Republican fund-raising firm, has been paid more than $22.6 million since the beginning of 2017 by Mr. Trump’s campaign committees and the Republican National Committee. Yet the firm received between $1 million and $2 million in loans.

Jamestown Associates, which received a loan of between $35,000 and $1 million, has been paid $1.5 million between early 2017 and mid-May by Mr. Trump’s re-election campaign and a super PAC supporting it to produce videos and advertisements.

And America Rising Corporation — an opposition research vendor that has been paid more than $1.3 million since July 2017 by Mr. Trump’s campaign and allied committees — received a loan worth between $350,000 and $1 million.

America Rising used the loan to keep employees on the payroll, said its founder and chief executive, Joe Pounder. He said the company had already completely paid back the loan “with interest.”

Article source: https://www.nytimes.com/2020/07/07/us/politics/small-business-loans-lobbyists-political-consultants.html

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