Kodak had a shot at revival in 2020 when the first Trump administration offered up a $765M federal loan.
But the deal quickly derailed amid allegations of insider trading and concerns about the loan plan.
Long before Kodak revealed it might go out of business, the first Trump administration in 2020 touted a glorious rebirth ahead for the iconic American brand.
At the time, Kodak, the struggling Rochester company that had revolutionized photography, was promised a $765 million federal loan to expand its chemical making and become a major producer of ingredients for generic drugs. It was part of a COVID-era push to boost domestic manufacturing and wean the U.S. off foreign factories — not unlike today's industrial drive by the second Trump administration.
Expectations were so high that