Romney To Speak At Company That Received Stimulus Funds

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Ames, Iowa (CNN) — The owner of an Iowa construction company where Mitt Romney will deliver a speech on the economy received stimulus funds, according to the government’s web site that tracks expenditures from the federal program.

Kevin Kinzler, owner of Kinzler Construction Services, received a $1.25 million dollar loan from the Small Business Administration through the American Recovery and Reinvestment Act in May of 2009, shortly after the stimulus plan was signed into law by President Obama.

The Recovery.Gov web site describes the loan as being designed “to aid small businesses which are unable to obtain financing in the private credit marketplace.”

In addition to the small business loan, Kinzler Construction Services also received nearly $650,000 in stimulus funds through grants provided by the Department of Energy. The grants were first reported by the left leaning blog, Think Progress.

Romney has made the plight of small businesses a key line of attack on Obama in the final weeks of his campaign.

“I want to make sure that we champion small business, we help small business grow and thrive,” Romney said on Thursday in Cincinnati before embarking on a bus tour across the battleground state of Ohio.

The GOP nominee has also repeatedly labeled the stimulus program a failure and accused the president of basing his second term agenda around passing another round of Recovery-type funds.

“The president has the same old answers as in the past — he wants another stimulus, he wants more government workers, and he wants to raise taxes,” Romney said at one Ohio stop.

In excerpts of Friday’s speech on the economy in Ames released by his campaign aides, Romney is again expected to tweak the president’s program.

“A new stimulus, three years after the recession officially ended, may spare government, but it will not stimulate the private sector any better than did the stimulus of four years ago,” says one speech excerpt.

Eric Fehrnstrom, a senior campaign adviser, says Romney’s speech will lay out why this is a “change” election.

“This election is about big things: education of our children, choices in our healthcare, whether we have jobs, the strength of our military, our dependence on foreign oil and America’s place in the world,” Fehrnstrom said.

“There are big choices facing the American electorate as they think about the election. Do they want real change or not?”


FOX 2 Newsletters

Sign up for a newsletter from FOX 2 to get updates about news and weather. We offer daily headlines, breaking news, severe weather, and forecast emails.


Latest News

More News