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Huge Economic Boost - New West Virginian Law Makes Gun And Ammo Purchases Tax-Free

by Tyler Durden Saturday, Jul 03, 2021 - 09:00 PM West Virginian lawmakers have eliminated the sales tax on all small firearms and ammunition and are also offering weapon manufacturers tax credits in hopes of sparking an economic boom, according to local news WOWK.  If you are going to buy that $2,000 riffle, it s going to be $120 cheaper here in West Virginia than compared to our neighboring states, said Delegate Gary Howell, (R) District 56. The law was passed in House Bill 2499, which went into effect on July 1. Customers can purchase handguns, shotguns, rifles, and whatever their heart desires (chambered up to .50 caliber) without sales tax. 

Ranger Factory Groundbreak Ceremony In Montgomery, West Virginia

Ranger Factory Groundbreak Ceremony In Montgomery, West Virginia News provided by Share this article Share this article MONTGOMERY, W. Va., May 31, 2021 /PRNewswire/  Ranger Scientific, the West Virginia company that will mass produce Harmonically Tuned ™ rifle ammunition in the Upper Kanawha Valley of West Virginia, today broke ground on renovation of the former Montgomery High School campus in Montgomery, West Virginia. Ranger s new Montgomery Campus will employ approximately 150 personnel. Simultaneously, initial construction started on Ranger s 1,029–acre mountain manufacturing complex across Highway 60 from the Walmart Supercenter in Quincy, West Virginia. Combined, the facilities will eventually employ more than 400 people. Ranger Scientific initially announced their selection of the Quincy area 5 years ago. 

USDA Recognizes North Avenue Capital As #1 Business and Industry Lender in Top Commercial Lender Rankings

USDA Recognizes North Avenue Capital As #1 Business and Industry Lender in Top Commercial Lender Rankings Ponte Vedra Beach, FL, Dec. 23, 2020 (GLOBE NEWSWIRE) North Avenue Capital, a specialized commercial lender exclusively originating, underwriting, and funding USDA Rural Development loans was recently recognized by the United States Department of Agriculture (USDA) as the #1 Business & Industry lender in the Top Commercial Lender Rankings for 2020. Building Businesses. Growing Communities. Strengthening Economies. North Avenue Capital partnered with the USDA to invest $131 million in the traditional Business & Industry loan program, more than any other commercial lender in the country during the 2020 fiscal year. These investments helped 20 rural businesses acquire essential working capital through the USDA’s Business & Industry Loan Program helping create or save 533 jobs in these areas.

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