“The magazine ban did not garner one Republican vote in the House or Senate, and now as a result of this one-sided, Democrat-sponsored law, more than 200 people will lose their jobs and their ability to provide for their families,” said Ms. Saine in a statement. “[T]his move will cost the state of Colorado over $80 million a year in revenue.”

◼ Colo. Democrats blamed for $80M hit to economy by pushing out gun firm Magpul - Washington Times

Prior to the signing, Magpul officials told state officials that the company contributes more than $85 million annually to Colorado’s economy. The company employs 200 people and supports another 400 supply-chain jobs.

A year ago, the rapidly expanding firm was preparing to build a state-of-the-art facility in Broomfield, but pivoted after the gun-control bills gained steam. Magpul was founded in 1999 by CEO Richard Fitzpatrick in the basement of his home in Longmont, Colo.

The company plans to keep a small presence in Colorado in order to continue to fight the ammunition-magazine law.

“2013 began with Magpul planning expansion in Colorado, now 2014 begins with the announcement that Magpul will move 92 percent of its operation to Wyoming and Texas,” said Republican state Sen. Greg Brophy in a statement.

So far no Democratic lawmakers, including Mr. Hickenlooper, have commented publicly on Magpul’s decision to leave Colorado, although several Democrats have said that job growth is their top priority for 2014.