magpul

The Wyoming State Loan and Investment Board just approved a new agreement that brings a gun ammunitions company to Cheyenne for fewer tax dollars.

The previous agreement was a grant/loan combination of $13 million. The new agreement would be an $8.3 million grant, some of which the company would pay back. 

That’s because of a new plan that would house the company in preexisting facilities.

The Wyoming State Loan and Investment Board has approved $13 million in grants to help a Colorado producer of ammunition magazines for guns move its manufacturing operations to Wyoming.

Erie, Colo.-based Magpul Industries is moving its production, distribution and shipping operations to Cheyenne and its headquarters to Texas. The company is making good on its vow to leave Colorado after that state enacted gun control laws last year.

Magpul will bring about 90 new jobs to Cheyenne.

The Wyoming Business Council Board of Directors has unanimously approved $13 million in state grants and loans to help one of the country's largest producers of ammunition magazines for guns relocate to the state.
 
     Erie, Colo.-based Magpul Industries is planning to move its production, distribution and shipping operations to Cheyenne. The company vowed to leave Colorado after that state enacted gun control laws last year.
 

Wyoming attracts another gun product business

Jan 3, 2014

Gun magazine manufacturer Magpul Industries is leaving Colorado and moving part of its operation to Cheyenne. 

The company announced that it is leaving Colorado because of the passage of a number of new gun restrictions.  Its production, distribution and shipping operations will move to Cheyenne.  Governor Matt Mead says he and other Wyoming officials started speaking with Magpul a year ago.