Grant approved for move by ammo magazine maker

Published September 10, 2014 6:41pm ET



CHEYENNE, Wyo. (AP) — A maker of ammunition magazines for guns said Wednesday it will move its manufacturing and warehouse operations from Colorado to Cheyenne as quickly as possible, after the Wyoming State Loan and Investment Board approved a lowered financial package to aid the move.

The board, comprised of five statewide elected officials, including the governor, voted 4-1 to lower a previously approved $13 million state grant to $8.3 million for Magpul Industries to move from Erie, Colorado.

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