Report: Bain Success Impacted by Government Aid

While Mitt Romney has been critical of President Obama for supporting government programs that help fund businesses, government played a role in establishing Bain Capital as a successful private equity firm while Romney was CEO, Bloomberg reports.

During his tenure, companies Bain owned received millions of dollars in benefits from state and local government programs, Bloomberg reported.

One Bain company in California received a conveyor bridge between its two buildings, funded with taxpayer money. Another in New York City received tax breaks and lower energy costs to prevent it from moving across the river to New Jersey. And in Indiana, a county issued bonds to help fund equipment at a steel plant owned by Bain.

On the campaign trail, Romney has hammered Obama for favoring government programs that play a role in business, and accused the government of "standing in the way" of economic recovery.

Asked to comment, Amanda Henneberg, a Romney campaign spokeswoman, told Bloomberg, “It’s not at all uncommon for state and local governments to use competitive incentives and programs to create a favorable business climate.”