Hogan loans campaign $325,000 in 'seed money'
Republican gubernatorial hopeful Larry Hogan said Saturday that he has put $325,000 of his own money into his campaign and is eager to formally launch his bid.
Hogan, a Cabinet secretary under former governor Robert L. Ehrlich Jr. (R), announced an exploratory effort in September. He repeatedly has said he would not be a candidate if Ehrlich seeks a rematch with Gov. Martin O'Malley (D) this year. A decision from Ehrlich is not expected for several more weeks.
Hogan declined comment Saturday on Ehrlich and said the $325,000 in loans would be detailed in a campaign finance report due Wednesday.
"I thought I needed seed money to prime the pump, in order to be prepared for a launch, do an announcement, and put the initial organization together," Hogan said. "So, I put $325,000 of my own money into my campaign account in order to be ready to get things started."
Hogan, a real estate broker, served as appointments secretary under Ehrlich, a position that involved putting thousands of people into jobs in the administration. Hogan and Ehrlich each describe the other as a friend.
O'Malley is starting the year with a major financial advantage over all potential opponents. His campaign said this week that it has more than $5.7 million in the bank.
Hogan said he has not held any fundraisers, and Ehrlich engaged in only limited fundraising last year.
George W. Owings III, a former state veterans affairs secretary who ischallenging O'Malley for the Democratic nomination, said this week he has not raised much money yet either.
January 16, 2010; 4:06 PM ET
Categories: 2010 Elections , John Wagner
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