Governments in nine states have awarded at least $49 million in subsidies in the past five years to gun and ammunition makers whose products are under scrutiny after last month’s school shooting in Connecticut.
Almost 85 percent of those tax breaks or grants have gone to two companies: Olin Corp. (OLN), the Clayton, Missouri-based maker of Winchester-brand bullets and shotgun shells, and a unit of Freedom Group Inc., the Madison, North Carolina-based company that produces the rifle used in the Dec. 14 killing of 20 children and six adults at Sandy Hook Elementary School in Newtown.
Governments in Arkansas, Arizona, Florida, Kentucky, Maine, Massachusetts, Mississippi, New Hampshire and New York approved the subsidies to lure jobs from other states or to keep companies from moving, according to public records. The incentives were aimed at protecting or attracting more than 2,800 jobs, and for companies to train 500 workers. Lawmakers said they hoped more jobs would follow.
Choosen excerpts by Job Market Monitor from
via Gunmaker Tax Breaks to Lure Jobs Face Renewed Scrutiny – Bloomberg.
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