According to a story in the Post Register, Magpul has found a move-in ready building in their new production, distribution and shipping base in Cheyenne, Wyoming that not only meets their long-term needs but also prevents them from having to take up temporary residence until a final home is completed. This move will save the citizens of Wyoming over $4 Million in grant money. The change was recently approved by the Wyoming Business Commission and will be taken up this week by the Wyoming State Loan and Investment Board.
This will result in Wyoming investing $8.3 million in the project, and Cheyenne LEADS, the local economic development organization, will invest $1.1 million to help Magpul move. Operations should be in place by November.
The $8.3 million initially comes as a grant, but under the agreement, Magpul will repay about $3.7 million. Additionally, LEADS will sell the building to Magpul.
