Skip to comments.Texas Investing $300,000 to Help Gun Manufacturer Expand, Create Jobs
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.
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....
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!
Trivia: There are two spellings:
1. Flack is a public relations fibber.
2. Flak is a German abbreviation for flieger abwehr kanone = antiaircraft gun or antiaircraft fire (from its association with the weapon). Its current usage is a slang term for people who oppose another person's point of view. Example: “When you're catching a lot of media flak, you've hit their soft spot.”
Oh, no. Don’t take it as a criticism. There are a lot of people who don’t know the difference between ‘flack’ and ‘flak’. I’m a military historian and I knew this, but there are (supposedly) brilliant members of the media that do not know the difference! (You know the type: they tell everyone they know everything about anything.)
Texas is among the worst offenders when it comes to giving money to green energy as well.
You might want to ask T. Boone Pickens how that worked out for him. :)
Yes you are.
Sorry it is taking so long to gat back to you.
Do you have a source for that claim?
“Big difference; it’s an investment with a common rate of return”
So how much will each citizen of Texas get exactly?
Mis-use of taxpayer funds. These companies are not part of government or of the necessary functions of a government. Good governments do not take from the people and give it to private entities. Private companies are supposed to make their own money.
LOL now that is some serious internet childishness.
Do your own research or remain ignorant.
That is a pretty odd response to a question.
I was simply wondering if you had a source regarding your post about Texas being one of the worst offenders for devoting funds for green energy. I couldn’t find anything about that and thought you might have that information.
It appears that you do not. The link you provided doesn’t reference green energy...and I am quite aware of the Enterprise Fund.
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