Presidential races

Major companies decline to fund 2016 GOP convention

Getty Images

Several major companies that sponsored the 2012 Republican National Convention will not be sponsoring the event this year in Cleveland, where Donald Trump is expected to be officially nominated as the party’s presidential nominee.

{mosads}Wells Fargo, UPS, Motorola, JPMorgan Chase, Ford and Walgreens all told Bloomberg they won’t sponsor this year’s convention, despite helping to fund the last GOP summit in 2012.

None of the companies commented on whether their decision to pull out was because of the GOP’s divisive presumptive nominee.

Trump routinely lashes out at Ford in his stump speech, blasting the company for moving a factory from the U.S. to Mexico. The car company said it would not support either party’s convention.

And Wells Fargo says that they decided last year not to fund the GOP’s convention in Cleveland, though they will still be sponsoring the Democratic convention’s host committee in Philadelphia due to their large market share there.

“We are supporting the City of Philadelphia host committee given our significant community bank and team member presence,” Wells Fargo spokeswoman Erika Reynoso told The Hill on Friday. “Our decisions around the host committees were determined late last year before either party determined the nominees. This is consistent with our past practices.”

JPMorgan, Walgreens, UPS and Motorola will not sponsor either party’s convention.

Walgreens told The Hill Friday it would sponsor other events at both parties’ conventions.

A source familiar with the convention’s fundraising told The Hill on Thursday that the companies had never planned on sponsoring the convention and that the Bloomberg report was based on information from a year ago.

Updated on June 18.

Tags Donald Trump
See all Hill.TV See all Video

Most Popular

Load more


See all Video