Fox News seems to think that PTR was just the first manufacturer to flee Connecticut’s storied “gun valley,” and that the bigger gun companies will soon follow:
Arms manufacturers in at least two states with strict new gun laws are making good on their promise to move their operations — along with thousands of jobs and millions in tax revenues – to locales they deem friendlier to the industry.
In Connecticut, where venerable gunmakers like Colt and Sturm,Ruger & Co. have been joined in the last decade or so by upstarts like Stag Arms and PTR, reform of gun laws in the wake of the Sandy Hook school shootings has left the industry feeling unwelcome. Bristol-based high-end rifle manufacturer PTR Industries announced this month via Facebook that it would be taking its 40 jobs and $50,000 weekly payroll to an unspecified new state, widely believed to be Texas.
AR-15 manufacturer Stag Arms could soon follow suit, along with Colt’s Manufacturing and Mossberg & Sons. The moves could cost the Nutmeg State 3,000 jobs as well as the estimated $1.75 billion in annual taxable revenues.
On a basic level, Democratic politicians in Connecticut are contributing to the failure of their manufacturing base, while cutting significantly into their tax base. This is going to hurt those who rely upon state assistance the most, including schools.
In short, Governor Malloy is cutting revenue that could help Connecticut schools, including those in Newtown. Brilliant.