Bloomberg to Give $18M to DNC; State Parties Get Offices [View all]
Mike Bloomberg is transferring $18 million from his presidential campaign to the Democratic National Committee in what is the largest such transfer ever.
By Associated Press, Wire Service Content March 20, 2020, at 11:01 a.m.
It's the latest sign of the billionaire businessman’s continued involvement in the race since ending his own campaign this month due to a lackluster showing in the March 3 primaries. In those Super Tuesday contests, the former New York City mayor won only one U.S. territory.
Bloomberg’s contribution amounts to more than the national party's typical cash balance. The transfer will help the DNC make up for some of the steep fundraising disadvantage when compared with its Republican counterpart, which routinely has raised tens of millions more than the Democratic organization throughout election cycles.
One of the world’s wealthiest men with a net worth estimated to exceed $60 billion, Bloomberg promised throughout his campaign that he would help Democrats try to defeat President Donald Trump regardless of how his own White House bid fared.
The Bloomberg campaign, which hired a staff of 2,400 people across 43 states, will also transfer its offices in six pivotal states to the Democratic parties in those states, to help accelerate their hiring and organizing. Those states are Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin.
Former Bloomberg campaign staffers in those offices will continue to be paid by his campaign through the first week in April and have full benefits through the end of April. After that, they could in theory offer the state parties a trained and ready pool of potential hires to build out their operations heading into the November general election.
https://www.usnews.com/news/politics/articles/2020-03-20/bloomberg-to-give-18m-to-dnc-state-parties-get-offices