Colo. Democrats blamed for $80M hit to economy by pushing out gun firm Magpul
By Valerie Richardson
The Washington Times
Saturday, January 4, 2014
DENVER — Democrats came under heavy criticism Friday for driving Magpul Industries out of Colorado by pushing an aggressive gun-control agenda, a move that could cost the state more than $80 million annually.
Republican state Rep. Lori Saine said she was “saddened to see this completely partisan law, widely considered unenforceable by sheriffs across Colorado, cause Magpul to leave our state.”
“The magazine ban did not garner one Republican vote in the House or Senate, and now as a result of this one-sided, Democrat-sponsored law, more than 200 people will lose their jobs and their ability to provide for their families,” said Ms. Saine in a statement. “[T]his move will cost the state of Colorado over $80 million a year in revenue.”
Officials at Magpul, which makes polymer firearms accessories, announced Thursday that the company will move its corporate headquarters to Texas and its manufacturing facility to Wyoming. Both are now based in Erie, Colo.
The relocation comes as a result of a measure signed by Gov. John Hickenlooper in March that limits ammunition-magazine capacity to 15 rounds. Magpul is among the plaintiffs in a lawsuit filed against the law.
Prior to the signing, Magpul officials told state officials that the company contributes more than $85 million annually to Colorado’s economy. The company employs 200 people and supports another 400 supply-chain jobs.