Business

Wyoming board approves Magpul incentives package

By Bob Moen
Published February 6, 2014 11:18pm ET
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Wyoming board approves Magpul incentives package
FILE - In this Feb. 28, 2013 file photo, workers assemble 30-round capacity ammunition magazines for high-velocity rifles, inside the Magpul Industries plant in Erie, Colo. Magpul, one of the country's largest producers of ammunition magazines for guns, is leaving Colorado and moving operations to Wyoming because of Colorado laws that include restrictions on how many cartridges a magazine can hold. The Wyoming State Loan and Investment Board is considering a $13 million incentive package to help Magpul make the move. (AP Photo/Brennan Linsley, File) | Brennan Linsley

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

The deal with Erie, Colo.-based Magpul Industries still needs approval from Gov. Matt Mead, but that is expected to be a formality because Mead was personally involved in recruiting the company.

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Guns and Firearms Wyoming