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Laramie County backs incentive deal
Jan 16, 2014 - The Associated Press
The $13 million package would help the manufacturer relocate to Wyoming.
CHEYENNE -- Cheyenne area officials are backing a $13 million loan and grant package to help Magpul Industries move its manufacturing operations to Wyoming.
Laramie County commissioners have voted unanimously to support the $5 million loan and $8 million grant from the county's economic development corporation.
Magpul, one of the country's largest producers of ammunition magazines, announced last week it was leaving Colorado and moving its manufacturing to Cheyenne and its headquarters to Texas because of the state's new restrictions on magazines.
The economic development corporation will also pay for $1.5 million in renovations at the building Magpul is leasing while it builds its new manufacturing facility.