Staff Reports
America's largest corporations are moving out of blue states in search of tax incentives, less expensive labour, and a haven from many Democratic-leaning states' tighter restrictions.
Over the past ten years, more than 20 ammunition, weapon, and gun accessory companies have relocated their operations from historically blue-voting areas to red-voting states run by Republicans, according to a Washington Post analysis. The investigation showed that this is a move that appears to help both the corporations and the governors of Republican states.
Republican governors reportedly came to the 2022 Shot Show in Las Vegas to represent their states' communities to significant ammunition, accessory, and firearm manufacturers. The Washington Post said, "Leaders are suggesting their states are "safe havens" for gun rights, in addition to offering considerable economic rewards."
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According to the research, Remington received $28 million in incentives and tax benefits to relocate its headquarters to Georgia. According to reports, the state of Wyoming awarded funds totaling at least $8 million to Magpul.
Many businesses are allegedly experiencing a rebound in popularity and revenue after more subdued years under previous President Donald Trump, as gun sales tend to spike under Democratic presidential leadership. The Washington Post said: Moving to more hospitable areas makes it easier for manufacturers to boost their bottom lines and improve share values.
As general counsel for Beretta Jeffrey Reh said in a separate Washington Post article, "Why expand in a place where the people who built the gun couldn't buy it?" cultural values also play a part in the decision.
Other businesses are leaving traditionally blue states, besides firearms and related businesses. Caterpillar, a prominent manufacturer of mining and construction equipment, announced in June that it was moving its corporate headquarters from Illinois to Texas. Less than ten days later, hedge fund manager Citadel, owned by billionaire Ken Griffin, informed its staff that it was relocating from Illinois to Florida.
The preceding is a summary of an article that originally appeared on Daily Caller.
