Posted on 07/13/2014 5:01:51 PM PDT by 2ndDivisionVet
America’s oldest family owned and operated gun manufacturing company O.F. Mossberg & Sons, has its eye on Texas. The company was founded in Connecticut in 1919; however, after Gov. Dannel Malloy (D) passed one of the strictest gun-control legislations in the nation last April, Mossberg & Sons is looking to expand in a more gun-friendly state.
CEO Iver Mossberg told Forbes:
“Investing in Texas was an easy decision. It’s a state that is not only committed to economic growth but also honors and respects the Second Amendment and the firearm freedoms it guarantees for our customers.”
The gun company will still be headquartered in New Haven, however, all expansion will take place in Texas. Senior vice president of sales and marketing Tom Taylor explained:
“We’re moving all wood gun stock production to our Texas facility. More of our product lines—like our modern sporting rifles—might move to Texas in the future. Texas has been very good to us. Also, our gun sales have been so dynamic over the last number of years. We’ve outgrown our facilities. This major expansion will help us keep up with demand.”
Texas Gov. Rick Perry (R) has encouraged and even recruited businesses to come to his state, where taxes are low and economic growth is rampant. Recently the car manufacturing company Toyota and the firearm accessories company Magpul Industries, decided to relocate to Texas from the states of California and Colorado. The Tax Foundation ranked Texas at eleven in the 2014 State Business Climate Index. Connecticut placed at almost the very bottom of the list at 42.
but why does Texas want to spend tax dollars on bringing these companies here? That is hypocritical. I oppose corporate welfare, period.
If it makes sense for them to move their business here, then they can do it without welfare.
Yay Mossberg
Its called the freemarket
It’s the way things are done in all 50 states and internationally. If Texas didn’t play the game they’d lose out.
One of my oldest and dearest friends lives in Robertson County--DEEP in the heart of Texas. I visit her frequently.
LOVE it there! I feel very much at home.
a shame. CT was the heart of precision mfg in the US once upon a time.
Mr. niteowl77
Just as Michigan was once the center of large scale automotive and other manufacturing.
How is there a free market if taxpayers are footing the bill?
There. Fixed it. You can bet that it is only a matter of time before the suits, shirts and ties follow the production lines.
Because the taxpayers of Texas benefit by having jobs move to Texas. Even with the breaks its a net increase in tax revenue.
“but why does Texas want to spend tax dollars on bringing these companies here? That is hypocritical. I oppose corporate welfare, period.
If it makes sense for them to move their business here, then they can do it without welfare.”
I’m guessing by the way you wrote your comment you’re not from Texas? If correct, why do you care what Texas does? God Bless Texas
Call it paying forward. It expands the working tax base spreading out to more so each pays less. What problem do you have with paying less because more contribute?
consider it a signing bonus, a moving stipend, etc. texas will still collect sales taxes and eventually other business taxes when these temporary incentives run out.
I am not from Texas, but got here as fast as I could! God BlessED Texas.
Come on down, Mossberg, Y’ALL! :)
lifelong Texan
I’m surprised they are not moving their headquarters as well.
Why stay in New Haven?
The family that owns the company probably has deep roots there.
Sigh... from 1998 to 2004 I was fortunate enough to live in Texas. I lived on Padre Island (North part near Corpus Christi). What a pleasure that was.
While we were there we bought a house, a boat an RV and a cargo trailer and each time we made the offer and when it was agreed we shook hands and that was that. It was a pleasure doing business with people who had a sense of honor and what was right and what was wrong.
It was worth putting up with the heat and humidity but I still wonder, before they invented air conditioning, how Texans reproduced during the sweaty season.
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