Current:Home > StocksSmith & Wesson celebrates new headquarters opening in gun-friendly Tennessee -Keystone Wealth Vision
Smith & Wesson celebrates new headquarters opening in gun-friendly Tennessee
View
Date:2025-04-19 00:07:29
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! (38619)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Fantasy football buy low, sell high: 10 trade targets for Week 5
- As communities grapple with needle waste, advocates say limiting syringe programs is not the answer
- Katie Meyer's family 'extremely disappointed' Stanford didn't honor ex-goalie last week
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Giants name former catcher Buster Posey new President of Baseball Operations, replacing Farhan Zaidi
- Jimmy Carter and hometown of Plains celebrate the 39th president’s 100th birthday
- Inside Frances Bean Cobain's Unique Private World With Riley Hawk
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- West Virginia lawmakers delay taking up income tax cut and approve brain research funds
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Queer women rule pop, at All Things Go and in the current cultural zeitgeist
- California expands access to in vitro fertilization with new law requiring insurers to cover it
- NHTSA: Cruise to pay $1.5M penalty after failing to fully report crash involving pedestrian
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Man who put another on death row now says the accused is innocent. | The Excerpt
- Rebel Wilson and Ramona Agruma Make Debut as Married Couple During Paris Fashion Week
- DirecTV to acquire Dish Network, Sling for $1 in huge pay-TV merger
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
'It's time for him to pay': Families of Texas serial killer's victims welcome execution
Trial on new Georgia election certification rules set to begin
Criminals set up fake online pharmacies to sell deadly counterfeit pills, prosecutors say
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Queer women rule pop, at All Things Go and in the current cultural zeitgeist
Many small businesses teeter as costs stay high while sales drop
How one preschool uses PAW Patrol to teach democracy