The Wyoming State Loan and Investment Board has approved a new financial package to help bring Magpul Industries to Cheyenne.
The board on Wednesday (9/10/14) voted 4-1 to lower the previously approved $13 million grant to $8.3 million for the Colorado producer of magazines for guns to move its manufacturing and warehouse operations.
Changes in plans for housing the company’s operations in Cheyenne allowed the reduction.
Erie, Colorado-based Magpul decided to move its production, distribution and shipping operations to Cheyenne and its headquarters to Texas after Colorado enacted gun control laws last year.
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