Colorado ammo magazine maker Magpul threatens to leave state over gun bill
By Kurtis Lee
The Denver Post:
Colorado's largest and most profitable manufacturer of high-capacity ammunition magazines has vowed to leave the state if lawmakers pass a measure banning the devices — a move officials with the company say could cost hundreds of jobs and upward of $85 million in potential spending this year.
House Bill 1224 bans individuals from possessing high-capacity ammunition magazines of more than 15 rounds — an amendment earlier in the week raised this number from 10 rounds — but allows manufacturers to stay in Colorado and produce the devices.
"None of this helps protect people," said Smith, who added that only if the Democrat-sponsored bill fails to pass the legislature would the company stay in Colorado.
"We will leave if it passes," Smith said.
Established in Colorado in 1999, Magpul says it employs more than 200 people at its manufacturing and shipping headquarters, while there are another 400 employees of subcontractors that work with the company throughout the state.
$85 million at stake
In addition to a wide array of gun-magazine products, the privately-held Magpul makes many other products, including cases for mobile phones and tactical sights for firearms. This year, the company says it expects to spend upward of $85 million in Colorado alone on employee payroll, manufacturing subcontractors, suppliers and service providers.
In committee testimony earlier in the week, several opponents to the measure said Democrats are being hypocritical.
"On one end they're saying we want the jobs and revenue from producing these magazines, but on the other end, they're saying, if you live in Colorado, then you can't possess one," said Lee Reedy a resident of Brighton.
"It's almost like a symbolic move," Molchan said. "Why would they stay and do business in a state that doesn't allow people to have their products?"
for full story see: http://www.dailycamera.com/news/ci_22593693/colorado-ammo-magazine-maker...