Smith & Wesson Ditches Massachusetts–Moves To Tennessee
Reason: Pending Legislation
Less than six months after gunmaker Kimber Mfg. moved from New York to Alabama due in part to ‘gun and business-friendly support’ from the red state, Smith & Wesson is moving out of Massachusetts – and will relocate its headquarters to Maryville, Tennessee in 2023, according to Bloomberg.
The nation’s largest gun manufacturer cited restrictive legislation currently under consideration in Mass., which if enacted, would prohibit the company from manufacturing certain guns in the state they’ve called home for nearly 170 years.
“These bills would prevent Smith & Wesson from manufacturing firearms that are legal in almost every state in America and that are safely used by tens of millions of law-abiding citizens every day exercising their Constitutional 2nd Amendment rights, protecting themselves and their families, and enjoying the shooting sports,” said SWBI CEO Mark Smith.
“While we are hopeful that this arbitrary and damaging legislation will be defeated in this session, these products made up over 60% of our revenue last year, and the unfortunate likelihood that such restrictions would be raised again led to a review of the best path forward for Smith & Wesson,” he added.
The move will bring 750 jobs to Maryville, along with a $125 million investment, according to the Wall Street Journal, citing the Tennessee Department of Economic & Community Development.
Lower cost of living was also a factor in the move, according to Smith.
Smith & Wesson 5″ 44 magnum revolver (screenshot via Beretta9mmUSA review)
Springfield Mayor Domenic Sarno said in a statement that the move will cost the city 550 job, which he described as ‘devastating’ for the families involved. The city said they would attempt to work with the gunmaker to try and retain 1,000 remaining jobs.
According to a person familiar with the move, the company will keep some production in Springfield.
Smith & Wesson was founded in 1856 by Horace Smith and Daniel Wesson in New England – eventually settling in Springfield. In addition to manufacturing some of the most legendary firearms in US history – including the .44 magnum, they have supplied weapons to the US military and police departments across the country.
(TLB) published this article from ZeroHedge as compiled and commented on by Tyler Durden
Header featured image (edited) credit: S&W Headquarters/bostonherald.com
Stay tuned to …
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Leave a Reply