Kodak’s nine figure federal loan on hold

Local financial experts remark that if this deals falls through it would be a big missed opportunity for Rochester. Peter Navarro, an advisor to Trump, was in Rochester several weeks ago for the announcement of a $765 million loan for Kodak to develop drug ingredients. But Kodak’s stock jumped up to $30 dollars a share prior to the announcement of the lucrative government loan and now the Securities and Exchange Commission started an internal investigation. The deal is on hold pending that investigation. Navarro called the Kodak executives stupid, and financial experts are doubting the loan will go through.

Source: Rochester First