US President Donald Trump has promised a $100 million investment in a pharmaceutical manufacturing facility in Winchester, Kentucky, but said the investment depends on Republicans winning the November 3 midterm elections. Trump made the announcement during a rally in Highland Heights, Kentucky, on October 17.
The funding details of the proposed payment therefore remain unclear. Trump said the US Department of War would invest $100 million in pharmaceutical company Antheia to revive a large drug manufacturing facility in Winchester, Kentucky. However, Trump has not explained how the proposed $5,000 dividend would be funded or how much the plan would cost.
Earlier, Trump told the Republican National Committee’s midterm convention that the proposed $5,000 payment would be possible because of what he described as the “tremendous strength and success” of the US economy. He presented the investment as a step that would depend on the outcome of the midterm elections.
These included a $1 billion investment announced by GE Appliances and the labor union IUE-CWA to expand Louisville’s Appliance Park.
He argued that Democrats would not know how to carry out the project, saying they “wouldn’t be able to do it” and “have no idea”, according to USA Today. Trump said the investment would not happen if Democrats won the elections. Trump also highlighted other major industrial investments in Kentucky during his speech.
The project is expected to make the site the largest home appliance manufacturing facility in the United States, according to the Kentucky government’s announcement cited by USA Today.
