Current:Home > FinanceSmith & Wesson celebrates new headquarters opening in gun-friendly Tennessee -ProfitPioneers Hub
Smith & Wesson celebrates new headquarters opening in gun-friendly Tennessee
View
Date:2025-04-18 00:47:53
MARYVILLE, Tenn. (AP) — Gun manufacturer Smith & Wesson hosted a grand opening of its new Tennessee headquarters Saturday after moving from its longtime home in Massachusetts to a more gun-friendly state.
The company built a new 650,000-square feet (60,387-square meters) headquarters in Maryville, Tennessee, as part of a $125 million relocation plan announced in 2021. Tours were offered at the new facility on Saturday.
The gunmaker had been located in Springfield, Massachusetts, since the mid-19th century, but company officials have said legislative proposals in that state would prohibit them from manufacturing certain weapons. Massachusetts is known to have some of the country’s strictest gun laws.
Smith & Wesson President and CEO Mark Smith spoke at the event Saturday, which drew a large crowd to the new facility, The Daily Times reported.
“From where I stand, the next 170 years of Smith & Wesson are looking pretty good,” Smith said. “It is something special here in Tennessee.”
He cited a welcoming regulatory environment and close collaboration with the Tennessee state government as a crucial piece of the plan to relocate. The company has said the new facility would create hundreds of jobs.
Tennessee has moved to loosen gun restrictions in recent years under Republican leadership. In 2021, the state passed a law to allow most adults 21 and older to carry handguns without a permit that requires first clearing a state-level background check and training.
veryGood! (8)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Apple co-founder Steve Wozniak hospitalized in Mexico
- What are the most common Powerball numbers? New study tracks results since 2015
- The UK’s interior minister sparks furor by accusing police of favoring pro-Palestinian protesters
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- ‘Greed and corruption': Federal jury convicts veteran DEA agents in bribery conspiracy
- Thousands fall ill in eastern Pakistan due to heavy smog, forcing closure of schools, markets, parks
- Nigeria’s president signs controversial bill for a presidential yacht and SUVs for lawmakers
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- 8 dead after suspected human smuggler crashes in Texas
Ranking
- The Daily Money: Disney+ wants your dollars
- The story of Deputy U.S. Marshal Bass Reeves, the Michael Jordan of frontier lawmen
- Danica Roem makes history as first openly transgender person elected to Virginia state Senate
- US diplomat assures Kosovo that new draft of association of Serb municipalities offers no autonomy
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Wynonna Judd Reacts to Concern From Fans After 2023 CMAs Performance
- Michigan responds to Big Ten notice amid football sign-stealing scandal, per report
- Cheetahs change hunting habits on hot days, increasing odds of unfriendly encounters with other big cats, study finds
Recommendation
Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
Jury rejects insanity defense for man convicted of wedding shooting
Nick Lachey and Vanessa Lachey's Love Story: Meeting Cute, Falling Hard and Working on Happily Ever After
Minneapolis police lieutenant disciplined over racist email promoted to homicide unit leader
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Chick-fil-A announces return of Peppermint Chip Milkshake and two new holiday coffees
Watch as barred owl hitches ride inside man's truck, stunning driver
Wisconsin Assembly slated to pass $2 billion tax cut headed for a veto by Gov. Tony Evers