Advertisement

Drudge Retort: The Other Side of the News
Wednesday, August 14, 2024

A CNN review of public documents, and interviews with a dozen former workers, shows that AppHarvest not only failed as a business after pursuing rapid growth, but also provided a grim job experience for many of the working-class Kentuckians Vance has vowed to help.

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

FTA:

As a venture capitalist, JD Vance repeatedly touted his guiding principles for investing in a company: A business should not only turn a profit, it should also help American communities.

That's why, he said, he invested in AppHarvest, a startup that promised a high-tech future for farming and for the workers of Eastern Kentucky. Over a four-year span, Vance was an early investor, board member and public pitchman for the indoor-agriculture company.

"It's not just a good investment opportunity, it's a great business that's making a big difference in the world," Vance proclaimed in a Fox Business interview on the day the company went public in February 2021.

Last year, facing hundreds of millions of dollars in debt, AppHarvest declared bankruptcy.

The rise and fall of the company, and Vance's role in it, cuts against his image as a champion for the working class--an image that helped catapult him to the top of the Republican ticket as Donald Trump's running mate.

#1 | Posted by Gal_Tuesday at 2024-08-14 08:34 PM | Reply

@#1 .. The rise and fall of the company, and Vance's role in it, cuts against his image as a champion for the working class--an image that helped catapult him to the top of the Republican ticket as Donald Trump's running mate. ...

Sen Vance is looking like just another wealthy person who wants to exploit workers.

#2 | Posted by LampLighter at 2024-08-14 09:29 PM | Reply

Another brick in the wall of Appalachia losing out on some promised quick-money fix, and they'll go ahead living in and voting for Trumpworld where they can get their environmental regulations eased every ten years while watching mountaintops heave and rumble through your children's bedroom at night.

Good music though.

#3 | Posted by Dbt2 at 2024-08-16 12:49 AM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2024 World Readable

Drudge Retort