Mises Wire

Wyoming

Wyoming
From the 1870s onward, the American west has not deserved its reputation as an unusually free market region oriented region of the country. “Boosterism,” in which local officials hand over money and special favors to companies and corporate interests, has been common in the region (as in most of the country) since the late 19th century.  The tradition certainly continues in Wyoming where the deceptively named http://www.thedenverchannel.com/news/local-news/colorados-magpul-to-get-83-million-grant-to-move-ammunition-manufacturing-operations-to-wyoming http://www.wyomingbusiness.org/content/about/history The Wyoming Business Council administers the BRC program, which provides financing for publicly owned infrastructure that serves the needs of businesses and promotes economic development within Wyoming communities.   The Business Council Board of Directors is required by statute to forward all BRC recommendations to the SLIB for final approval. The SLIB is comprised of the five statewide elected officials:  Gov. Matt Mead, Secretary of State Max Maxfield, State Treasurer Mark Gordon, State Auditor Cynthia Cloud, and State Superintendent of Public Instruction Cindy Hill. CHEYENNE, Wyo. - 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. Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.”On July 1, 1998, the state arranged 25 programs from seven state agencies under the organizational umbrella of the Wyoming Business Council. Besides working to expand the inherited programs, the Business Council also worked to develop a strong structure to provide communities with the necessary tools to expand existing businesses; attract new businesses to their area; and develop infrastructure.””Gov. Dave Freudenthal agreed with this assessment and pushed for the creation of the Business Ready Community Grant and Loan Program, which the Wyoming Legislature authorized and funded in 2003. Two years later, Governor Freudenthal supported funding options where the state helped renovate existing buildings into community centers. The Legislature responded by creating the Community Facilities Grant and Loan Program in 2005.” --
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