Colorado company: New gun law will make us move
Magpul produces high-capacity ammunition magazines, and it says the state's planned 15-round limit will force it to relocate.
Economics and a hot-button political issue are intersecting in Colorado, as the state prepares to enact several new gun laws.
Democratic Governor John Hickenlooper is expected to sign the three new laws on Wednesday. The first requires a universal background check for people wanting to purchase a gun in the state. The second says gun buyers must pay for that background check. And the third puts a 15-round limit on ammunition magazines.
But the ban on larger-capacity magazines is gathering the most heat. It turns out that one of the nation's top producers of large-capacity gun magazines, Magpul Industries, is based in Colorado. The company manufactures a line of 30-round magazines for AR15, M4 and M16 rifles, and it says it has sold millions "to military, law enforcement and commercial users."
An entry on the Magpul Facebook page says the company will "start our transition out of state almost immediately," if Hickenlooper signs the bill into law.
In a press release issued last month, Magpul noted it directly employs 200 people and supports another 400 supply-chain jobs, while adding more than $85 million annually to Colorado's economy.
"We could choose to stay in a state that wants our jobs and revenue, but not our products, and lose half the jobs we are fighting to save, or potentially the entire business, when our customers stop buying," said Magpul CEO Doug Smith. "Or, we can take the company and those 600 jobs out of Colorado to continue our growth and the growth of American manufacturing in a state that shares our values. This is not really a choice."
According to the Associated Press, Democrats in the Colorado legislature have tweaked the gun magazine ban to allow companies in the state to produce ammunition magazines of all sizes, as long as they're sold out-of-state.
And others involved in the gun control controversy doubt Magpul's promise to relocate.
"I don't think Magpul is about to pull out," Bill Hoover told AP. Hoover's grandson was one of 12 people killed last summer at a movie-theater shooting in Aurora, outside of Denver. "It's going to cost them a bundle of money."
The person who said "it's going to cost them a bundle of money" doesn't have much of an understanding of how the game is played. The governor of Texas has let Magpul know they will be more than welcome in the Lone Star. Along with that welcome will come tax breaks and incentives that will insure they don't lose a dime if they move. In fact they could come out ahead depending on the state they go to and the deal they make.
A company that employs 200 people and pumps $85 million into the economy making a product that has the US government as one its major clients is a prime catch for any state. The states that want them will make sure they are compensated for the "bundle" they are going to lose.
Better wake up and smell the coffee Colorado.
The worst part about all of this is that most Colorado residents don't support what our Democrat-run state government is doing.
All the power in this state is in the hands of liberal Denver, mostly made up of people who migrated here from California after they destroyed the economy there.
Residents and opponents of the gun bans were give little to no voice in the whole process. Everything was rammed down our throats by "experts" and outside politicians from Obama's campaign. Colorado just got steamrolled by Washington. If they want all this horrible legislation, why don't they keep it in their backyards instead of ours?
Good thinkin Magpul show them what we real Americans think and are made of.
One more example of how the Government "shoots themselves in the foot"..
Particularily a Local (State) shooting themselves in the face....With an Egg.
Betcha Mag's will go South to Okie, Texas or Arizona..
Definitely come to Texas. Gray county just passed a law saying that basically the federal government can kiss our a$$ that they are not going to comply and we get to keep our guns, ammunitions, etc. with no limitations on magazine capacity, etc. Thank God that we have officials who aren't Obama's minions/morons. Like the new law stated they will NOT follow or enforce anything that infringes on our 2nd, 9th and 10th Amendment rights. By God the 2nd Amendment was created to protect us from exactly what the government is becoming a tyranny. Our officials stated like so many others that Adolph Hilter started the same movement with the Jews and that also England did the same thing. Hopefully people will wise up before it's too late for our country because we're headed straight for hell in a hand basket if people keep letting Obama think he is actually doing this country any good. People say he's the anti-Christ(not too sure about that) but he's daym sure not a president. The man cares more about the Muslim brotherhood and other countries before his own and to state that we are "not" in a debt crisis and he's not worried about balancing the budget speaks volumes. Just saying.
to ,RN ITs not the magazines I am speaking about. And no I don't hunt with a large magazine.
It's like the legend of the horse shoe nail,If I don't stand up for you when you need help you want be their to stand up for me.And it's clearly in our best intrest yours and mine that these politicians don't succeed.Because if they do it will surley lead to hard times for this country from which we might neever recover .Look around the world at what has happend after gun control and confication.look at California and the AG letter to registered gun owners and his comments before registration. Then tell me I am wrong .The only way is to hit them where it hurts in the pocket book and put them out of offiice . Not to be ugly to you but those crooks will scush you like a bug and never look back .
call me radical if you will,but like Patrick Henry said "Give me liberty or give me death " It's probably comming to that faster than we think Hopefully I am wrong.If not' are you ready?
The entire southeast is trying to get Magpul to relocate to their particular state. Incentives galore.
MR. GOVERNOR YOU SHOULD BE TRIED FOR TREASON. Your trying to do away with the 2nd amendment just like the rest of the democrats. go live in china or the UK. we don't need your kind in our country.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
More Market News
As geopolitical tensions threaten to spin out of control, investors are wondering how best to position their portfolios for the global turmoil.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'