Sunday, February 17, 2013

Ammo magazine maker Magpul threatens to leave Colorado over Gun Bill...Could cost 600 jobs

Colorado's largest and most profitable manufacturer of high-capacity ammunition magazines has vowed to leave the state if lawmakers pass a measure banning the devices — a move officials with the company say could cost hundreds of jobs and upward of $85 million in potential spending this year.
Magpul's threat has Democratic lawmakers scrambling to strike a balance that remains true to their goal of limiting the number of rounds a magazine can hold without frightening off businesses.
"If we're able to stay in Colorado and manufacture a product, but law-abiding citizens of the state were unable to purchase the product, customers around the state and the nation would boycott us for remaining here," said Doug Smith,
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In addition to a wide array of gun-magazine products, the privately-held Magpul makes many other products, including cases for mobile phones and tactical sights for firearms. This year, the company says it expects to spend upward of $85 million in Colorado alone on employee payroll, manufacturing subcontractors, suppliers and service providers.
Read the whole story HERE.

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