New Laws Force Gun Co. Out of Colorado, Costing State Hundreds of Jobs, Millions in Sales

By Gregory Gwyn-Williams, Jr. | March 20, 2013 | 5:03pm EDT

Magpul Industries, an Erie, Colorado, based manufacturer of firearms accessories, is moving out of the state following the passage of new gun-control laws - and taking hundreds of jobs and millions of dollars of commerce with it.

Magpul's Chief Operating Office, Doug Smith told the Denver Post:

"Our moving efforts are underway. It's going to be a phased approach, and until the move is complete, we're going to continue manufacturing magazines in Colorado.

"Within the next 30-days we will manufacture our first magazine outside the state of Colorado."

Colorado Governor, John Hickenlooper signed three new gun bills into law today which requires background checks for private and online gun sales and bans magazines that hold more than 15 rounds.

Many of the magazines that Magpul produces, most notably the 30-round PMAG, are now banned in the state.

Mr. Smith says he will be meeting with economic developers from Nebraska, Texas and Wyoming and that Magpul will likely have multiple locations in the future.

"This ordeal has taught us to be more diverse geographically," Smith said.

Magpul has stated that the move will cost the state hundreds of jobs and millions of dollars.

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