“It was a significant tragedy that was fresh on everybody’s mind,” state Department of Economic and Community Development deputy commissioner Ronald Angelo told The Hartford Courant to explain why Connecticut decided not to give the maker of the AR-15 a $1 million loan. The state offered the loan eight days before the Sandy Hook shooting and pulled it four days later.
Angelo also pointed out that FreedomGroup, which owns Bushmaster, was changing hands. “If you take that [shooting] into account along with the very unknown structure and unknown condition of the Freedom Group because of the [announced] sale of that entity by its parent, it’s too much of an unknown,” he said.
Read more from this story HERE.