Colt's Manufacturing may move from Connecticut, where the company has based its operations for 175 years. It seems the prevailing anti-gun sentiment in the state in the aftermath of the Sandy Hook massacre has taken some of the fun out of guns. CEO and president Dennis Veilleux said that proposed gun control laws, if passed, would "irreparably damage — if not destroy the brand" and that in that event he would consider moving to another state. In financial terms, the state would be certainly shooting itself in the foot by creating a hostile environment for arms manufacturers. The industry generates as much as $1.7 billion each year there, with Colt's operations alone providing 670 jobs in a state that already has 8.2 percent unemployment. [Source] and [Source]
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