Powell put most of his energy into two projects;
the creation of a megasite with the aim of drawing an automaker or similar big employer,
and the creation of TriadFirst,
a group designed to help provide capital for growing local businesses.
Triad Business Journal
which really doesn't do investigative journalism
At 7:27pm, 1/26/2016, the story disappeared from the News and Record's front web site page;
"David Michael Powell, the former CEO of a group designed to bring jobs to the region, has been charged with two felony counts each of embezzlement and obtaining property by false pretense...
Zack Matheny is Greensboro's David Powell
Think about it.
...Powell's alleged crimes began during his first year of employment in 2011 through his departure in 2015."
The connection to Randolph County's Megasite
and Jim Melvin should be investigated,
but they probably won't be.
Triad Business Journal; "A month later, Greensboro police are nowhere on Powell investigation"
..Greensboro’s top economic development execs
have been paid well, perhaps even more than their counterparts in comparable markets.
As of 2013, Powell had an annual compensation package worth $326,000,
Danahy, $293,000 and Lynch, $202,000.
Congratulations David Powell and Jim Melvin; "City approves $2.3M contract for megasite work"
I gave to many people, before this,
before two months ago, I was a businessman.
I give to everybody.
When they call, I give.
And do you know what?
When I need something from them two years later, three years later,
I call them, they are there for me.
And that’s a broken system.”
Donald Trump, real estate magnate, in 2015,
attempting to explain that the system was corrupt
by pointing out that he was the cause
of some large part of said corruption.
The millionaire class and the billionaire class
increasingly own the political process,
and they own the politicians that go to them for money.
We are moving very, very quickly from a democratic society,
one person, one vote,
to an oligarchic form of society,
where billionaires would be determining
who the elected officials of this country are.”
I think many people have the mistaken impression
that Congress regulates Wall Street.
The real truth is that Wall Street regulates Congress.
Sen. Bernie Sanders
The Business Journal's Mark Sutter on the new Greensboro Partnership 'Shill'?
Today’s whole political game,
run by an absurdist’s nightmare of moneyed elites,
is ridiculous — a game in which corporations are people
and money is magically empowered to speak;
candidates trek to the corporate suites
and secret retreats of the rich,
shamelessly selling their political souls.
former Democratic Agricultural Commissioner of Texas
Piedmont's Triad Partnership's Triad First Capital has disappeared; Jim Melvin, Sam Simpson, David Powell etc...
Now we’ve just seen a complete subversion of our political system
as a payoff to major contributors
Jimmy Carter, former President
Who would be stupid enough to spend $22.5 million to get water and sewer to a Megasite, about 10 miles away from another that already has it?
I can legally accept gifts from lobbyists
unlimited in number and in value
What results is a corruption of the institution of government,
a corruption driven by big money in politics.
Missouri state Sen. Rob Schaaf
WTF Jim Melvin, Jon Bell, Mark Brazil, Kevin Carter, Pat Danahey, Don Flow, Kelly King, Nido Qubein, Tim Rice, Kelly Stanhope and Robert Long?
When these political action committees give money,
they expect something in return other than good government.
Poor people don’t make political contributions.
You might get a different result
if there were a poor-PAC up here.
There are two things that are important in politics.
The first is money and I can’t remember what the second one is.
William McKinley’s 1896 Presidential Campaign Manager
"Melvin said [Megasite] funding, for now, is coming by way of the Bryan Foundation and private monies."
We are the only people in the world
required by law to take large amounts of money from strangers
and then act as if it has no effect on our behavior.
Conflict of Interest Watch; "Next stage of megasite effort will be 'a different conversation'
You have to go where the money is.
Now where the money is,
there’s almost always implicitly some string attached.
It’s awful hard to take a whole lot of money
from a group you know has a particular position
then you conclude they’re wrong [and] vote no.
Vice-President Joe Biden
Zack Matheny and Mike Barber need to recuse themselves from the Megasite Water and Sewer vote
You’ve got to cozy up, as an incumbent,
to all the special interest groups
who can go out and raise money for you from their members,
and that kind of a relationship has an influence
on the way you’re gonna vote.
I think we have to become much more vigilant
on seeing the impact of money.
I think it’s wrong and we’ve got to change it.
Inappropriate Lobbying; "Making Connections Around The Table with Ed Kitchen & Jim Westmoreland"
When you start to connect the actual access to money,
and the access involves law enforcement officials,
you have clearly crossed a line.
What is going on is shocking, terrible.
James E. Tierney, former Attorney General of Maine, in 2014.
Minutes from the "Public Hearing and Consideration of Purchase of Real Estate in Conjunction with the proposed Greensboro-Liberty Mega Site"
Behind the ostensible government
sits enthroned an invisible government,
owing no allegiance and acknowledging no responsibility to the people.
To destroy this invisible government,
to dissolve the unholy alliance between corrupt business
and corrupt politics is the first task of the statesmanship of the day.
1912 platform of the Progressive Party,
founded by former President, Theodore Roosevelt.
Greensboro "Found" $2.2 Million To Give To Rich Developers
Powell — with the blessings and funding of several top Triad executives
including BB&T's Kelly King and former Greensboro mayor and banker Jim Melvin
bet big on two concepts: developing a megasite to attract what Powell called a "catalytic" project,
like an automobile plant; and creating a group called Triad First Capital.
TFC's mission is described as raising money and using it to
"seed and nurture a new generation of entrepreneurial leaders in the Triad region."
As 2014 came to a close, Powell
— working closely with Melvin and Greensboro real estate broker Sam Simpson
— had success in piecing together options for about 1,350 acres
in the Liberty area of Randolph County.
Triad Business Journal
which really doesn't do investigative journalism
Randolph County Approves Greensboro-Randolph Megasite
"Triad First Capital
At TFC, we seek to achieve financial returns for members
through private investments in select businesses and real estate assets
that we expect will benefit the Piedmont Triad region of North Carolina.
...At TFC, our management team believes that a principled investment approach,
combined with a disciplined investment process,
will yield the best outcomes for our members and the Triad.
...The Board includes local entrepreneurs and executives
capable of identifying and evaluating unique investment opportunities in the Triad,
who have extensive networks within the business,
banking, transaction service provider, investment, entrepreneurial, private equity,
and venture capital communities in the area, throughout North Carolina, and even nationally.
...TFC will establish a separate limited liability company (“LLC”)
for each specific investment made by TFC members.
Each LLC will be managed by TFC.
An investing TFC member will become an LLC member of the LLC
in which the TFC member determines to make an investment."
April 2014 – Present (11 months)Greensboro/Winston-Salem, North Carolina Area