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Source: Welch has half-a-million on hand (Updated)
Republican Congressional candidate Steven Welch ended the third quarter with more than $500,000 in campaign cash on hand, a campaign insider told pa2010.com.
Welch, who is running in the 6th District, did not report any fundraising last quarter, when he was still gearing up for a run in the 7th District instead. He now faces a crowded primary against Chester County Recorder of Deeds Ryan Costello and state Representative Curt Schroder (R-Chester).
The campaign was still tabulating exactly how much it had raised in the third quarter. It is unclear if the cash on hand number includes any contributions directly from Welch, a wealthy businessman who is expected to spend his own money on the campaign.
UPDATE—The Welch campaign released the following statement to reporter Friday afternoon:
PHOENIXVILLE, PA — Steven Welch announced today that his campaign will report over $500,000 cash on hand for the 3rd quarter of fundraising, and the support from over 100 donors.
“We want to thank our supporters who helped us reach this milestone, and let them know that together we will accomplish our goal of bringing about responsible results in Congress,” said Steven Welch. “The fact that we have so many new volunteers and supporters who have never been involved in politics is a testament to the excitement of our campaign. We will continue to focus on engaging voters and discussing the vital issues that will help determine the future for our families, communities and our nation.”
Steven Welch is the founder & former CEO of the Mitos Group, a leader in biotechnology solutions. Steven is also the co-founder of DreamIt Ventures, a unique venture firm that helps technology start-ups get off the ground. Over the past two years DreamIt has funded over 20 small businesses and helped nearly 100 entrepreneurs. In 2008 Steven was selected as a member of the Philadelphia Business Journal’s 40 under 40, as well as being named its Entrepreneur of the Year.
Most recently Steven was awarded the prestigious Eisenhower Fellowship to build bridges internationally in small business communities to drive job creation and economic development. Steven and his wife, Nicole, live in Phoenixville with their daughter and son.
October 9, 2009 at 12:07 pm
Tags: Curt Schroder, PA-6, Ryan Costello, Steven Welch














Danny Gates
Oct 9th, 2009
Watch out!
Source: Welch has half-a-million on hand… | GrassrootsPA
Oct 9th, 2009
[...] Source: Welch has half-a-million on hand… [...]
ATCPA
Oct 9th, 2009
Hmmm..in kind donations from Act Blue?
karlub
Oct 9th, 2009
I’d be curious to know how many of those donors are in the sixth district. I’m not being snarky, mind you. Just thinking about how a man who makes a living doling out venture capital money may have a large population of aspiring entrepreneurs from which to draw…
Perhaps, though, there are a lot of middle-of-the-road former Democrats now registered as Republicans in the sixth who are just putting their money where their hearts are.
Just curious. Hope a diligent reporter can answer the question.
karlub
Oct 9th, 2009
Oh, for the record: Mr. Welch denies he donated money to ActBlue. I do have the donation reported on two different well-known campaign finance sources. But Welch has promised to deliver a resource indicating it isn’t so. It has been, though, two days since his self-imposed deadline to send me that source, and I still don’t have it.
Simmer
Oct 9th, 2009
Welch is a RINO hoping money wins out over principals.
Me Wonders
Oct 9th, 2009
How is he a RINO? Wouldn’t giving power to the D’s in the house make Schroeder a RINO? Being a career politician should not win out.
karlub
Oct 9th, 2009
@ MeWonders:
Ask Welch why people would call him a RINO. I do believe he was a registered Democrat not all that long ago, and has supported Joe Sestak in the past.
I’m not at all suggesting he’s some sort of Progressive fifth-columnist or anything. But it isn’t exactly beyond the pale for someone to wonder if he’s a RINO, or not. The primary process will probably largely be about that precise issue.
Your remarks regarding Schroder indicate that you don’t know much about him. I personally know a bunch of registered Democrats that like him just fine because while he is conservative, he is also an independent thinker. Why do you think the party powers-that-be steered a self-funded primary challenger in his direction?
[Note: The Welch campaign has pointed me to a resource I was already familiar with that does not report a donation from him to the well-known Progressive PAC ActBlue. But they are still trying to figure out why other sites do have a record of such a donation.]
Simmer
Oct 9th, 2009
Me Wonders: I like Curt Schroeder. He is a conservative that is not a favorite with the GOP leadership because he doesn’t always tow the party line.
Gee…that just makes him more attractive.
zoom zoom rosie
Oct 9th, 2009
Nothing is more annoying than a man with money trying to buy an election, even more annoying when he doesn’t live in the 6th district. We need more people of character in government than wealthy people. Steve Welsh should find another way to spend his money, perhaps start a foundation to benefit the less fortunate, instead of aiming for Congress with no experience.
BRDakin
Oct 9th, 2009
I’m just curious — I’ve seen this phrase used a number of times now — is a three way race really a “crowded primary” ? Is that necessarily a bad thing?
karlub
Oct 9th, 2009
@BRDakin:
Actually, you’ll have four, soon. Montgomery County middle-of-the-road Republican Howard Cohen has been telling people he’s entering the race.
Personally, I think there’s a small chance he’s just fishing around for some of Welch’s cash to be directed to his favorite candidates or causes. But that may be irrationally conspiratorial. It feels that way, though. Cohen and Welch will be aiming for the exact same voters. If someone wanted to try that little conspiracy theory out, you couldn’t pick a better person to do it with.
Also, Guy Ciarrocchi– Gerlach’s former chief of staff– is still wandering around with nothing to run for after falling short in his General Assembly run back in 2008. Until he definitively says he ISN’T running, you gotta’ wonder if he’ll jump in. Cohen attacking Welch’s base means perhaps someone attacking Schroder’s has a chance.
Finally, there were rumors of Mark Scott being encouraged to run by the Berks County GOP. If you have three people from Chester County and two from Montgomery County all running, perhaps a favorite son from Berks could squeak through.
Anyway, to more directly answer your question, I believe even three candidates is a lot for this area. The party apparatus really dislikes competitive primaries, and if they can’t be avoided tried to keep it down to two candidates. Otherwise you run the risk of someone with a really motivated base that has no chance of winning a general winning a balkanized primary.
In this case, luckily for the GOP, Curt Schroder has the most motivated base, and also happens to be a candidate with high name-recognition, bipartisan appeal, a lots of reformist legislation to his credit.
ChescoTom
Oct 11th, 2009
How much did Curt and Ryan raise? I have been immersed in work and think I missed their reports.