Released by Gov Rick Perry
AUSTIN – Firearm accessories manufacturer Magpul Industries has announced it is relocating its corporate headquarters from Colorado to Texas. Magpul began a nationwide relocation search following the passage of anti-Second Amendment legislation in Colorado this summer that made it difficult for the company to do business.
“In Texas, we understand that freedom breeds prosperity, which is why we’ve built our economy around principles that allow employers to innovate, keep more of what they earn and create jobs,” Gov. Perry said. “I’m proud that Magpul is the latest employer to join the ranks of companies that call Texas home.”
“Excessive government regulation undermines a culture based on personal responsibility and creates a detrimental business environment,” Magpul CEO Richard Fitzpatrick said. “Texas supports personal freedoms and our company will thrive in that environment.”
Gov. Perry has reached out to more than 30 firearm manufacturers in states across the country that are considering restricting sales and manufacturing in the industry. Magpul cited the Lone Star State’s business-friendly environment, predictable regulations and consistent respect for the Second Amendment as key elements in its decision to relocate.