Report: Democrat Stacey Abrams Got ‘Special Treatment’ to Use Taxpayer Dollars to Grow Her Wealth
Georgia Democrat Stacey Abrams was an “integral part” of her private company’s ability to obtain state contracts in 2013 that ultimately boosted her company’s profits while Abrams was a state lawmaker, according to a Government Accountability Institute (GAI) investigation.
The investigation’s findings, first detailed Tuesday on Fox News by former Rep. Jason Chaffetz, a GAI distinguished fellow, provide revelations of the role Abrams had in securing her company’s contracts for government-backed loans while Abrams was serving as Democrat minority leader in the Georgia House from 2011 to 2017.
Abrams, who narrowly lost her bid for governor in 2018 and is now running again, “has been somewhat coy about her role in a sweetheart deal her company inked with the State of Georgia in 2013,” Chaffetz wrote.
Abrams cofounded the financial services company NOWaccount, now known as Now Corp., in 2010 with business partners Lara Hodgson and John Hayes.
NOWaccount’s stated purpose was to help small businesses grow, which it would do by loaning the businesses money upfront for invoices the businesses were awaiting payment on. NOWaccount would eventually secure state contracts in 2014 that allowed the company to use federal taxpayer dollars to pay off any unpaid loans, a fact previously reported by the Atlanta Journal-Constitution in 2018.- READ MORE
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