Wyoming board OKs Magpul grant change

The Wyoming State Loan and Investment Board has approved a new financial package to help bring Magpul Industries to Cheyenne.

The board on Wednesday voted 4-1 to lower the previously approved $13 million grant to $8.3 million for the Colorado producer of ammunition 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.

Magpul plans to have some of its operations up and running in Cheyenne in November, creating about 90 new jobs. It plans to close its Colorado facility sometime next spring.