According to a public summary document, the loan, from the federal government's Overseas Private Investment Corporation, is for "[u]p to $20.0 million," and is designed to "expand Winner Import Ukraine's automobile business, [and] construct and operate 'Winner Autocity,' which will have two new, state-of-the-art dealership facilities for Porsche and Land Rover/Jaguar automobiles."
Porsche is a German-made luxury and sports car, and Jaguar Land Rover is a British luxury and sports car company, owned by an Indian subsidiary.
Under "U.S. Economic Impact," the summary document says, "This project will have a positive developmental impact on the host country, Ukraine. The project will generate a significant number of new local jobs. Running a dealership for premium automobile brands requires a highly trained sales force, mechanics, accountants, communications and advertising specialists, IT specialists, service personnel, warehouse managers, and customer relations specialists."
Along with his family, Hynansky also owns car dealerships in Pennsylvania and in Biden's home state of Delaware.
Since at least 1999, Hynansky and his family have been regular donors to Biden's campaigns, and, later, Obama's. John Hynansky has donated $7,690 to a joint Biden's Senate campaigns and failed presidential campaign; Michael Hynansky donated $7,690; Alexandra Hynansky donated $7,280; Deanne Hynansky donated $4,645; and Susan Hynansky donated $1,000 - coming to a total family donation of $28,715.
During Obama's 2008 run for president, John Hynansky gave $30,800 to the Obama Victory Fund; Alexandra Hynansky gave $2,550; and Deanne Hynansky gave $2,000 - totaling $35,350 to that campaign.
Understandably, in his speech during a diplomatic trip to Ukraine in 2009, Biden described John Hynansky as "my very good friend, John Hynansky, a very prominent businessman from Delaware… I had breakfast with him the other day."
Though the Overseas Private Investment Corporation report says that "the project is not expected to have a negative impact on the U.S.economy or employment," the revelation that Biden's "very good friend" and donor, John Hynansky, received a taxpayer loan to open a business selling foreign luxury cars in a foreign country using foreign labor stands in stark contrast to the Obama-Biden 2012 campaign. The latter charges the Mitt Romney-Paul Ryan campaign stands for breaks for big business and shipping American jobs overseas.
At the time of publication, the White House had not returned requests for comment.