Another JEDCO-funded project — another financial failure. In 2003, JEDCO loaned Platinum Silk Hair Products $150,000, expecting repayment in 90 days. But repayment never happened. Over the years, promises were made, extensions were granted, assets were taken as collateral — then later given back — yet the loan was never recovered.

What does this say about how public funds are managed? What accountability exists when business deals fail? Is the taxpayers’ money reimbursed by JEDCO?