Skip to comments.(CT)State Offered Development Deal To Makers Of Gun Used In Newtown Massacre (Bushmaster)
Posted on 03/20/2013 2:40:27 PM PDT by matt04
Eight days before Adam Lanza used a Bushmaster AR-15 semiautomatic rifle to kill 26 children and women on Dec. 14 at Sandy Hook Elementary School in Newtown, state officials offered the manufacturer of the gun a development deal to move its corporate headquarters to Connecticut.
On Dec. 6, a top state economic development official sent the Freedom Group an offer for a $1 million loan at the low annual interest rate of 2 percent for 10 years plus other incentives for the company to move its headquarters, with 25 top executives, from Madison, N.C., to Stamford.
The department withdrew the offer on Dec. 18, four days after the Newtown massacre, according to records released in response to a Courant freedom of information request.
The deal was yanked because of a combination of factors, one of them the announcement by the Freedom Group's owner the private equity and hedge fund group Cerberus Capital Management that it was putting the firearms maker up for sale.
But, in addition to that, "it would be naive to think that the tragedy that occurred on the 14th of December" wasn't a big factor, said Deputy Commissioner Ronald F. Angelo Jr. of the state Department of Economic and Community Development, or DECD.
"It was a significant tragedy that was fresh on everybody's mind," Angelo said this week. "If you take that into account, along with the very unknown structure and unknown condition of the Freedom Group because of the [announced] sale of that entity by its parent, it's too much of an unknown, too much of an unpredictable" situation.
(Excerpt) Read more at courant.com ...
I understood the murderers firearms were two handguns?
EVERY gun maker and accessory manufacturere that resides in a “Gun COntrol” state needs to take a look at a new address in a state where they are WELCOME.
Wrongo. This has been brought up so many times that it’s a wonder that all have not gotten the word.
Lanza used an AR-15 to kill the children.