Current:Home > InvestSmith & Wesson celebrates new headquarters opening in gun-friendly Tennessee -FutureWise Finance
Smith & Wesson celebrates new headquarters opening in gun-friendly Tennessee
View
Date:2025-04-18 02:00:06
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! (69)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Montana judge declares 3 laws restricting abortion unconstitutional, including a 20-week limit
- Some doorbell cameras sold on Amazon and other online sites have major security flaws, report says
- Federal prosecutors seek July trial for Trump in classified files case
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Girl walking to school in New York finds severed arm, and police find disembodied leg nearby
- 2024 NFL scouting combine Friday: How to watch defensive backs and tight ends
- Olivia Rodrigo praised by organizations for using tour to fundraise for abortion access
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Arizona’s Senate has passed a plan to manage rural groundwater, but final success is uncertain
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Georgia Senate passes bill banning taxpayer, private funds for American Library Association
- Maryland State House locked down, armed officers seen responding
- Georgia House passes bill requiring police to help arrest immigrants after student’s killing
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- NFL 40 times tracker: Who has the fastest 40-yard dash at 2024 scouting combine?
- 'Reclaiming radical journey': A journey of self-discovery leads to new media in Puerto Rico
- LGBTQ+ advocacy group sues Texas AG, says it won’t identify transgender families
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Kool-Aid McKinstry, Alabama star DB, has Jones fracture, won't work out at NFL combine, per report
Escaped murder suspect who drove off in sheriff's vehicle arrested at New Orleans hotel, authorities say
Prince William condemns antisemitism at London synagogue: 'We can't let that keep going'
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
High-income earners who skipped out on filing tax returns believed to owe hundreds of millions of dollars to IRS
Summer House: Lindsay Hubbard's Bombshell Drug Accusation About Ex Carl Radke Revealed
Panera adds 9 new menu items, including Bacon Mac & Cheese pasta, Chicken Bacon Rancher