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Sturm Ruger offered almost $15M for NC gun factory

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hayes1966
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Sturm Ruger offered almost $15M for NC gun factory

Postby hayes1966 » Sat Sep 14, 2013 5:32 pm

Sturm Ruger offered almost $15M for NC gun factory

MAYODAN, N.C. (AP) — Gun manufacturer Sturm, Ruger & Co. could receive nearly $15 million for opening a new factory in the North Carolina community already home to America's largest firearms maker.

Mayodan's town council on Monday approved offering Southport, Conn.-based Sturm, Ruger more than $850,000 over 14 years if it meets investment and job targets, The News & Record of Greensboro reported (http://bit.ly/1d0ZWWh).

The community is already headquarters to Freedom Group Inc., which owns Bushmaster, Remington and other firearms brands.

A state Commerce Department spokesman said when Sturm, Ruger announced the factory last month that it could receive nearly $13 million in state tax breaks, employee training, infrastructure construction and other incentives.

The plant is expected to employ more than 470 workers. Sturm, Ruger also could receive nearly $950,000 from Rockingham County.

http://www.sfgate.com/default/article/S ... 801050.php


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