http://www.weeklystandard.com/after-911-trump-took-money-marked-for-small-businesses/article/2001099
And from a RWNJ publication no less...
After 9/11, Trump Took Money Marked for Small Businesses
:02 PM, Feb 15, 2016 | By MICHAEL WARREN
At Saturday’s debate in South Carolina, Donald Trump called into question the idea that Jeb Bush's brother, George W. Bush, "kept us safe" by pointing out the September 11, 2001, terrorist attack occurred while the older Bush was president. Trump repeated that attack in a Monday afternoon press conference. It's a line of attack that might otherwise sink a Republican candidate, but Trump has benefited from his own image as a lifelong New Yorker who speaks (relatively) eloquently about what his fellow citizens went through during and after that day. His finest emotional moment, in fact, may have come in the debate last month while responding to Ted Cruz's criticism of Trump's "New York values."
New York is a great place. It's got great people. It's got loving people, wonderful people. When the World Trade Center came down, I saw something that no place on Earth could have handled more beautifully, more humanely than New York. You had two 110-story buildings come crashing down. I saw them come down. Thousands of people killed and the cleanup started the next day, and it was the most horrific cleanup probably in the history of doing this. I'm in construction. I was down there, and I've never seen anything like it. And the people in New York fought and fought and fought, and we saw more death and even the smell of death. Nobody understood it. And it was with us for months, the smell, the air. And we rebuilt downtown Manhattan, and everybody in the world watched, and everybody in the world loved New York and loved New Yorkers…
But it's worth remembering that amid Trump's flowery praise for his city, the real-estate mogul took advantage of taxpayer-funds designed to help struggling small-business owners in Lower Manhattan affected by the attack.
Here's the story. Not long after 9/11, the World Trade Center Business Recovery Grant program was established to help small businesses recover and rebuild. The program disbursed hundreds of millions of dollars through a New York state development corporation in the years following the attacks. But there were problems early on. In 2003, the New York Times reported the development corporation admitted to overpaying some firms and took back $1.2 million. A federal audit, the Times added, suggested at least $5 million had been overpaid by the end of 2003.
And in 2006, the New York Daily News ran an investigative piece about how the program had awarded grants to companies and subsidiaries that hardly seemed like "small businesses." Among them were Dell, Morgan Stanley, and, yes, Donald Trump. Here's the Daily News:
One couldn't tell from ESDC records, for example, that "40 Wall Street LLC" is owned by Trump. The Donald bills himself as the "largest real estate developer in New York," Last week, Trump sued a New York Times reporter for concluding in a book that the host of "The Apprentice" isn't a billionaire. But the ESDC's rules transformed Trump into a small-business man. His company collected a $150,000 grant for losses at 40 Wall St. The grant application describes the corporation through which Trump owns that building as having 28 employees and $26.8 million in annual revenues. That passed the ESDC's small business test of less than 500 employees. But the revenue amount would put the single Trump property over the federal definition of a small business - which is $6 million annually for lessors of nonresidential buildings. A Trump spokeswoman did not respond to a call and e-mail message seeking comment.
In 2005, Trump valued 40 Wall Street at $400 million, and the Trump Organization describes the building as an "impressive, landmark property." And as Trump said immediately following 9/11, none of his properties were directly damaged by the attack on the World Trade Center. But through a loophole in the rules, Trump was able to squeeze $150,000 of money from taxpayers for his valuable landmark property.
A Trump campaign spokeswoman did not respond to a request for comment.
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AND THEY STILL HAVEN'T RESPONDED...
And from a RWNJ publication no less...
After 9/11, Trump Took Money Marked for Small Businesses
:02 PM, Feb 15, 2016 | By MICHAEL WARREN
At Saturday’s debate in South Carolina, Donald Trump called into question the idea that Jeb Bush's brother, George W. Bush, "kept us safe" by pointing out the September 11, 2001, terrorist attack occurred while the older Bush was president. Trump repeated that attack in a Monday afternoon press conference. It's a line of attack that might otherwise sink a Republican candidate, but Trump has benefited from his own image as a lifelong New Yorker who speaks (relatively) eloquently about what his fellow citizens went through during and after that day. His finest emotional moment, in fact, may have come in the debate last month while responding to Ted Cruz's criticism of Trump's "New York values."
New York is a great place. It's got great people. It's got loving people, wonderful people. When the World Trade Center came down, I saw something that no place on Earth could have handled more beautifully, more humanely than New York. You had two 110-story buildings come crashing down. I saw them come down. Thousands of people killed and the cleanup started the next day, and it was the most horrific cleanup probably in the history of doing this. I'm in construction. I was down there, and I've never seen anything like it. And the people in New York fought and fought and fought, and we saw more death and even the smell of death. Nobody understood it. And it was with us for months, the smell, the air. And we rebuilt downtown Manhattan, and everybody in the world watched, and everybody in the world loved New York and loved New Yorkers…
But it's worth remembering that amid Trump's flowery praise for his city, the real-estate mogul took advantage of taxpayer-funds designed to help struggling small-business owners in Lower Manhattan affected by the attack.
Here's the story. Not long after 9/11, the World Trade Center Business Recovery Grant program was established to help small businesses recover and rebuild. The program disbursed hundreds of millions of dollars through a New York state development corporation in the years following the attacks. But there were problems early on. In 2003, the New York Times reported the development corporation admitted to overpaying some firms and took back $1.2 million. A federal audit, the Times added, suggested at least $5 million had been overpaid by the end of 2003.
And in 2006, the New York Daily News ran an investigative piece about how the program had awarded grants to companies and subsidiaries that hardly seemed like "small businesses." Among them were Dell, Morgan Stanley, and, yes, Donald Trump. Here's the Daily News:
One couldn't tell from ESDC records, for example, that "40 Wall Street LLC" is owned by Trump. The Donald bills himself as the "largest real estate developer in New York," Last week, Trump sued a New York Times reporter for concluding in a book that the host of "The Apprentice" isn't a billionaire. But the ESDC's rules transformed Trump into a small-business man. His company collected a $150,000 grant for losses at 40 Wall St. The grant application describes the corporation through which Trump owns that building as having 28 employees and $26.8 million in annual revenues. That passed the ESDC's small business test of less than 500 employees. But the revenue amount would put the single Trump property over the federal definition of a small business - which is $6 million annually for lessors of nonresidential buildings. A Trump spokeswoman did not respond to a call and e-mail message seeking comment.
In 2005, Trump valued 40 Wall Street at $400 million, and the Trump Organization describes the building as an "impressive, landmark property." And as Trump said immediately following 9/11, none of his properties were directly damaged by the attack on the World Trade Center. But through a loophole in the rules, Trump was able to squeeze $150,000 of money from taxpayers for his valuable landmark property.
A Trump campaign spokeswoman did not respond to a request for comment.
----
AND THEY STILL HAVEN'T RESPONDED...
