Posted on 06/29/2014 6:39:46 PM PDT by PROCON
On June 27 the office of Texas Governor Rick Perry (R) announced a Texas Enterprise Fund (TEF) investment of $300,000 for shotgun maker Maverick Arms.
The TEF investment will be added to Maverick Arms own "$3.4 million in capital investment" to expand their Eagle Pass, TX, manufacturing facility.
According to Perry's office, Governor Perry said "[the] TEF investment in Maverick Arms will help create jobs and opportunity in Eagle Pass, while reaffirming Texas' longstanding support of the Second Amendment."
"Maverick Arms is a subsidiary of Mossberg Corp.," which is "the oldest family-owned firearm maker in America."
Mossberg CEO Iver Mossberg commented on the Texas expansion: "Investing in Texas was an easy decision. It's a state that's not only committed to economic growth but also honors and respects the 2nd Amendment and the firearm freedoms it guarantees to our customers."
(Excerpt) Read more at breitbart.com ...
It should make conservative heads explode as well.
“Investing” LOL
That’s just like California, except for the being opposite part.
What is the projected rate of return on this $300,000.00 investment?
What percent of the company will the people of Texas now own?
Hey, what’s wrong with investing in jobs? I’m sure the state of Texas will also get a monetary return on their investment.
Give the same breaks to everybody or not at all.
It’s the American way. What they’re doing is the fascist way.
Just like I don’t like solar company subsidies, I do not like gun manufacturer subsidies.
Plant expansion and 50 new jobs....
Big difference; it's an investment with a common rate of return. You think Solendra was an investment? No that was a government subsidy, a poor one.
Isn’t the Maverick a plainer version of the already plain Mossberg model 500.
Taxpayer dollars should never be used this way.
No different than giving funds to Solyndra or Planned Parenthood or GM in my book
I wish they could have fancied it up a bit to create a more colorful return, like commissioning “artwork” guns to be given as awards, and maybe a special run of guns that are unique to Texas.
I’m a few years from retirement, might move to Texas.”
Might want to make sure you can read and speak Spanish.
Instead maybe Gov. Perry should have used the 300k for seed corn to start a “State Bank” like North Dakota and then they could have made a loan to said Firearms Manufacturer....
Absolutely.
I have no problem giving tax breaks to companies wishing to relocate to Texas. Toyota moving to Frisco for instance. Stimulates the local economy, decreases unemployment in the relocation areas, increases sales and franchise tax.
Thanks for the info. I've been getting so much flack on this thread from FReepers who think this is a bad idea; Hell, Texas is going to get a great return on their investment both in jobs and a monetary return plus interest!
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