View Full Version : Magpul to get $13M for move to Cheyenne
whitbaby
02-07-2014, 10:11
This morning's Post reports Magpul to get $13M incentives for move to Cheyenne. Just has to be signed by WY governor. Should be a slam-dunk as gov was instrumental in getting Magpul to move there. Cheyenne will be the manufacturing hub, but main offices will go to Texas. ??
Nice to see that the Post finally woke up.
Magpul Moving Headquarters to Texas Over Colorado Gun Laws (http://www.nbcdfw.com/news/business/Magpul-Moving-Headquarters-to-Texas-Over-Colorado-Gun-Laws-238509551.html)
Thursday, Jan 2, 2014...
Randy Bruns, CEO of Cheyenne's economic development organization, said it is working with Magpul on a financial package that could include up to $13 million in state grants and loans to help the company move to Cheyenne.
"It's very significant for Cheyenne and for Wyoming," Bruns said. "They bring a manufacturing capability that's not otherwise present here in Wyoming."
He hopes Magpul's move will cause other manufacturers to consider relocating or opening facilities in Wyoming.
Magpul spokesman Duane Liptak said the company plans to move the majority of its workers from Colorado over the next 12 to 16 months. The move involves about 200 jobs, Liptak said.
The company is leasing a 58,000-square-foot manufacturing and distribution facility in Cheyenne and will build a permanent 100,000-square-foot facility.
Magpul stated their intent to be a more diverse company, so that political changes like what happened here don't handicap their entire operation. Texas makes sense.
Office of the Governor: In Case You Missed It: Magpul Industries to Move Headquarters to Texas (http://governor.state.tx.us/news/press-release/19190/)
Firearm accessories manufacturer Magpul Industries has announced it is relocating its corporate headquarters from Colorado to Texas. Magpul began a nationwide relocation search following the passage of anti-Second Amendment legislation in Colorado this summer that made it difficult for the company to do business.
"In Texas, we understand that freedom breeds prosperity, which is why we've built our economy around principles that allow employers to innovate, keep more of what they earn and create jobs," Gov. Perry said. "I'm proud that Magpul is the latest employer to join the ranks of companies that call Texas home."
"Excessive government regulation undermines a culture based on personal responsibility and creates a detrimental business environment," Magpul CEO Richard Fitzpatrick said. "Texas supports personal freedoms and our company will thrive in that environment."
Gov. Perry has reached out to more than 30 firearm manufacturers in states across the country that are considering restricting sales and manufacturing in the industry. Magpul cited the Lone Star State's business-friendly environment, predictable regulations and consistent respect for the Second Amendment as key elements in its decision to relocate.
ChunkyMonkey
02-07-2014, 11:36
Good for them!
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Zundfolge
02-07-2014, 11:38
Cheyenne will be the manufacturing hub, but main offices will go to Texas. ??
I just saw an ad for a graphic designer for their Erie, CO office, so I suspect they're keeping at least part of their operation (possibly office type stuff) here in CO.
maybe it's for the "Good Bye, Good Riddance Colorado" graphics they'll have on the moving trucks?
BPTactical
02-07-2014, 12:19
And on a side note I noticed last night New York is pushing HUGE incentive packages for companies wanting to locate there.
Like 10 years no taxes.
Maybe because companies and people are leaving NY in droves?
And on a side note I noticed last night New York is pushing HUGE incentive packages for companies wanting to locate there.
Like 10 years no taxes.
Maybe because companies and people are leaving NY in droves?
they know that after 10yrs they will quickly make their money back. NY taxes are extreme, which is why they want new business nice and dug in before they get the sticker shock.
And on a side note I noticed last night New York is pushing HUGE incentive packages for companies wanting to locate there.
Like 10 years no taxes.
Maybe because companies and people are leaving NY in droves?
It's called "Start Up NY"
http://startup-ny.com/
I wrote them and told them under no circumstances would I move my family and business there after Cuomo said I was an inconvenient person ("don't belong"). And I said anyone else would be crazy to do so given the history of people who identity groups of others as not belonging.
I did not include this photo (but I should have)...
http://2.bp.blogspot.com/-q6AN7ChWl_o/UuhGhXzJyyI/AAAAAAAAAWw/UtaBnCD9-Hw/s1600/Cuomo2.jpg
Haven't heard back.
Great news. Make alientlating laws, expect companies to move. Fuck you hickenlooper.
mahabali
02-07-2014, 14:26
I just saw an ad for a graphic designer for their Erie, CO office, so I suspect they're keeping at least part of their operation (possibly office type stuff) here in CO.
Where did you see that? I dont see it on their website.
Idiot-D's are driving away jobs, instead of creating new jobs.
clublights
02-07-2014, 15:48
Idiot-D's are driving away jobs, instead of creating new jobs.
Naw here is the "brilliance"....
they will count all the workers in WY as created jobs on the national level.... "see we created 200 new jobs!"
BPTactical
02-07-2014, 18:41
http://2.bp.blogspot.com/-q6AN7ChWl_o/UuhGhXzJyyI/AAAAAAAAAWw/UtaBnCD9-Hw/s1600/Cuomo2.jpg
Haven't heard back.
Very possibly one of the most horrifying photographs I have ever seen.
We are seeing the reincarnation of pure evil.
In our own country.
Very possibly one of the most horrifying photographs I have ever seen.
We are seeing the reincarnation of pure evil.
In our own country.
Yes, we have a front row seat to history. I hope we can turn the tide but we must overcome tremendous odds to do it.
The WY governor would be smart to veto this bill. Save his state and taxpayers some cash. Not like Magpul will back out of moving to their new building.
mtnrider
02-07-2014, 21:09
Idiot-D's are driving away jobs, instead of creating new jobs.
Only driving away the ones they don't want. Created a 1000 times more jobs in the drug business. This is a victory to them.
blacklabel
02-07-2014, 21:12
The WY governor would be smart to veto this bill. Save his state and taxpayers some cash. Not like Magpul will back out of moving to their new building.
And back out on an already agreed upon deal while showing other like minded companies that their business is not truly wanted in the state? Sounds like the typical move a politician would make.
UrbanWolf
02-07-2014, 23:13
Idiot-D's are driving away jobs, instead of creating new jobs.
But at least it's for the greater good of globalization. *sarcasm
So much for helping fight the good fight, huh?
68Charger
02-08-2014, 08:26
So much for helping fight the good fight, huh?
They are in their own way... How helpful would it have been if they threatened to leave if certain laws were passed, then didn't?
If they thrive in another location without paying CO taxes to their enemies, they could continue to fund other efforts to help...
mountainjenny
02-08-2014, 09:08
http://thecoloradoobserver.com/2014/01/magpul-unveils-move-to-texas-and-wyoming-but-will-keep-fighting-gun-control-in-colorado/
The company, which designs and manufactures firearms accessories, announced Thursday that it plans to relocate 92 percent of its business out of state while keeping a toehold in Colorado in order to fight the state Democrats’ gun-control agenda.
But Magpul, which is a plaintiff in the lawsuit filed by 55 county sheriffs against the bill limiting ammunition-magazine capacity to 15 rounds, isn’t deserting the battle in Colorado.
“We made a commitment publicly that we would not abandon the law-abiding gun owners in our own state, and we want to honor that,” said Duane Liptak, Magpul director of product management and marketing.
I got the impression they are still helping fight the good fight and making good on thier promises.
UrbanWolf
02-08-2014, 10:29
So much for helping fight the good fight, huh?
They are making their words count, I respect them for that.
So much for helping fight the good fight, huh?
I think they handled it as best they could.
They threatened to leave to demonstrate to the "reasonable" people that the Left's agenda will needlessly cost the state jobs and tax revenue. When we lost, they made good on that threat.
Then, they helped organize and fund the lawsuit to overturn 13-1224.
What more would you ask of them? That they stay and become the next Remington or Colt? That they accept the infringement of our rights, facilitate it (serializing mags), and also fund it through tax revenue/jobs?
Nope, I'm not going to blame Magpul one bit. I put the blame where is belongs: people who vote for Democrats.
KevDen2005
02-08-2014, 10:54
I think they handled it as best they could.
They threatened to leave to demonstrate to the "reasonable" people that the Left's agenda will needlessly cost the state jobs and tax revenue. When we lost, they made good on that threat.
Then, they helped organize and fund the lawsuit to overturn 13-1224.
What more would you ask of them? That they stay and become the next Remington or Colt? That they accept the infringement of our rights, facilitate it (serializing mags), and also fund it through tax revenue/jobs?
Nope, I'm not going to blame Magpul one bit. I put the blame where is belongs: people who vote for Democrats.
I have to agree. I think it also looks good on their part to follow through with a promise to leave and not just be hot air.
On a side note I wish states would offer me 13M to move there. I would do it.
They are making their words count, I respect them for that.
Don't get me wrong, I'm glad they stood for our rights and I've supported them since day 1. I just wish they would have waited a bit longer to help with mid-terms and trying to get this BS reversed and then they wouldn't have to leave.
Don't get me wrong, I'm glad they stood for our rights and I've supported them since day 1. I just wish they would have waited a bit longer to help with mid-terms and trying to get this BS reversed and then they wouldn't have to leave.
Magpul isn't in the 'wishing' business. This state made them realize how vulnerable they really were. They've learned from that and they're not going to put all of their eggs in one basket anyway.
Bailey Guns
02-09-2014, 07:17
Nope, I'm not going to blame Magpul one bit. I put the blame where is belongs: people who vote for Democrats.
There's really nothing more that needs to be said.
Citizen_Soldier
02-09-2014, 16:18
The WY governor would be smart to veto this bill. Save his state and taxpayers some cash. Not like Magpul will back out of moving to their new building.
You have no idea how many other states had great offers on the table for Magpul. I'm sure places like New Mexico, Arizona, and Texas would still be more than happy to offer Magpul money and tax incentives to move into their state. I was actually surprised when Magpul announced the move up here. I'm close friends with several people on the Wyoming Business Council and they were doubting that they could lure in Magpul when the company first announced they're getting out of Colorado. States like Texas had much more to bargain with, but I guess Cheyenne is just a lot closer for them.
blacklabel
02-09-2014, 16:21
States like Texas had much more to bargain with, but I guess Cheyenne is just a lot closer for them.
I think that Wyoming's ability to stay pro 2A and Republican dominated has some to do with it as well.
You have no idea how many other states had great offers on the table for Magpul. I'm sure places like New Mexico, Arizona, and Texas would still be more than happy to offer Magpul money and tax incentives to move into their state. I was actually surprised when Magpul announced the move up here. I'm close friends with several people on the Wyoming Business Council and they were doubting that they could lure in Magpul when the company first announced they're getting out of Colorado. States like Texas had much more to bargain with, but I guess Cheyenne is just a lot closer for them.
My bet is that they're better able to retain their employees by moving to Cheyenne.
twitchyfinger
02-09-2014, 18:31
My bet is that they're better able to retain their employees by moving to Cheyenne.
That and also stay close to the I-25/I-70 shipping hub.
n8tive97
02-09-2014, 18:36
This whole thing was so unnecessary! So far it has worked out great for 3 politicians in this state!
ANADRILL
02-10-2014, 14:06
You have no idea how many other states had great offers on the table for Magpul. I'm sure places like New Mexico, Arizona, and Texas would still be more than happy to offer Magpul money and tax incentives to move into their state. I was actually surprised when Magpul announced the move up here. I'm close friends with several people on the Wyoming Business Council and they were doubting that they could lure in Magpul when the company first announced they're getting out of Colorado. States like Texas had much more to bargain with, but I guess Cheyenne is just a lot closer for them.
New Mexico is a liberal cesspool, why would anyone want to move a business there?
You have no idea how many other states had great offers on the table for Magpul. I'm sure places like New Mexico, Arizona, and Texas would still be more than happy to offer Magpul money and tax incentives to move into their state. I was actually surprised when Magpul announced the move up here. I'm close friends with several people on the Wyoming Business Council and they were doubting that they could lure in Magpul when the company first announced they're getting out of Colorado. States like Texas had much more to bargain with, but I guess Cheyenne is just a lot closer for them.
Not only a closer move, We have much better gun rights, we have the Railroad, I-80/I-25 junction. Everything going through WY has to come through Cheyenne. It's a great location.
Great-Kazoo
02-10-2014, 22:27
My bet is that they're better able to retain their employees by moving to Cheyenne.
That isn't happening. Some accepted, others have decided to stay put.
That isn't happening. Some accepted, others have decided to stay put.
I wouldn't expect every one of them to go along. If they moved manufacturing to TX, how many fewer might they have retained?
Great-Kazoo
02-10-2014, 22:49
I wouldn't expect every one of them to go along. If they moved manufacturing to TX, how many fewer might they have retained?
Just about equal. Not everyone packs up their house & family for a job that pays a moderate wage. Realistically, outside of the R&D and machinist, the rest are basic warehouse workers.
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