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Wyo. board OKs Magpul incentives package

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FILE - In this Feb. 28, 2013 file photo, workers assemble 30-round capacity ammunition magazines for high-velocity rifles, inside the Magpul Industries plant in Erie, Colo. Magpul, one of the country's largest producers of ammunition magazines for guns, is leaving Colorado and moving operations to Wyoming because of Colorado laws that include restrictions on how many cartridges a magazine can hold. The Wyoming State Loan and Investment Board is considering a $13 million incentive package to help Magpul make the move. (AP Photo/Brennan Linsley, File)

FILE – In this Feb. 28, 2013 file photo, workers assemble 30-round capacity ammunition magazines for high-velocity rifles, inside the Magpul Industries plant in Erie, Colo. Magpul, one of the country’s largest producers of ammunition magazines for guns, is leaving Colorado and moving operations to Wyoming because of Colorado laws that include restrictions on how many cartridges a magazine can hold. The Wyoming State Loan and Investment Board is considering a $13 million incentive package to help Magpul make the move. (AP Photo/Brennan Linsley, File)

CHEYENNE, Wyo. — The Wyoming State Loan and Investment Board has approved $13 million in grants to help a Colorado producer of ammunition magazines for guns move its manufacturing operations to Wyoming.

Erie, Colo.-based Magpul Industries is moving its production, distribution and shipping operations to Cheyenne and its headquarters to Texas. The company is making good on its vow to leave Colorado after that state enacted gun control laws last year.

Magpul will bring about 90 new jobs to Cheyenne.

Officials say Magpul’s move will return about $20 million on the total local and state investment of about $17 million over 20 years.

The State Land and Investment Board, made up of the five statewide elected officials, approved the grant Thursday.

The Magpul deal is pending likely final approval from Gov. Matt Mead.

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