Wyo. board considers Magpul incentives package

By: AP
By: AP
The State Loan and Investment Board will consider a $13 million incentive package to help a Colorado producer of ammunition magazines for guns move its manufacturing operations to Wyoming.

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CHEYENNE, Wyo. (AP) — The State Loan and Investment Board will consider a $13 million incentive package to help a Colorado producer of ammunition magazines for guns move its manufacturing operations to Wyoming.

The board is to consider the package of state grants and loans for Erie, Colo.-based Magpul Industries during its meeting Thursday in Cheyenne.

Magpul is planning to move its production, distribution and shipping operations to Cheyenne. The company is making good on its vow to leave Colorado after that state enacted gun control laws last year.

Magpul is looking to bring about 90 new jobs to Cheyenne.

The State Land and Investment Board is made up of the five statewide elected officials, including Gov. Matt Mead. However, Mead will have final say on the proposal.

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