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From the staff of the Tampa Bay Times

Rick Scott company received stimulus money

24

June

Politico: A telecommunications company owned in part by Florida gubernatorial candidate Rick Scott — an outspoken foe of the federal stimulus — has boasted of winning more than $60 million in stimulus grants and Department of Agriculture loans to develop high-speed internet infrastructure.

In a March 2010
press release, Xfone Inc. president and CEO Guy Nissenson wrote to investors, "As most of you know, Xfone has been focused on growing its Fiber-To-The-Premise (FTTP) business over the past two years, given the sizable opportunity to bring broadband to secondary and rural markets in the U.S. This strategy took a huge leap forward recently with the notification that our wholly-owned subsidiary PRIDE Network had been awarded $63.6 million in stimulus grants and long-term loans from the U.S. Department of Agriculture (USDA).” A company monitoring report filed with the SEC in 2009 describes Nissenson, a founding partner, as one of two “controlling shareholders” and Scott as one of two “other major shareholders.” [As of October 2008, Scott owned 10 percent of the company.]

Scott has been consistently vocal in his opposition to the stimulus act. At a June 2 campaign stop,
he said he “would fight all the stimulus money” and that Florida “should not have accepted that money, because we’re all going to have to pay for it and our kids are going to have to pay for it.”

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[Last modified: Thursday, September 9, 2010 11:44am]

    

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