Current:Home > InvestSmith & Wesson celebrates new headquarters opening in gun-friendly Tennessee -Ascend Wealth Education
Smith & Wesson celebrates new headquarters opening in gun-friendly Tennessee
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-06 20:46:40
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! (97)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- University of Wisconsin fires former porn-making chancellor who wanted stay on as a professor
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, NATO Members
- Ex-Chili Peppers guitarist denies a manslaughter charge in the death of a pedestrian
- Tom Holland's New Venture Revealed
- Al Michaels laments number of flags in Cowboys vs. Giants game: 'Looks like June 14th'
- Brett Favre Parkinson's diagnosis potentially due to head trauma, concussions
- Biden approves major disaster declaration for northeastern Vermont for late July flooding
- 'We're reborn!' Gazans express joy at returning home to north
- James Corden Admits He Tried Ozempic for Weight Loss and Shares His Results
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Watch Prince Harry Lose His Cool While Visiting a Haunted House
- Do you have a pet plan ready for Hurricane Helene? Tips to keep your pet prepared
- Cardi B Unveils One of Her Edgiest Looks Yet Amid Drama With Estranged Husband Offset
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Waffle House closes Tallahassee-area locations as Hurricane Helene approaches Florida
- The Bear's Jeremy Allen White Kisses Costar Molly Gordon While Out in Los Angeles
- Alan Eugene Miller becomes 2nd inmate in US to be executed with nitrogen gas
Recommendation
Average rate on 30
Craig Conover Shares Update on Paige DeSorbo After “Scary” Panic Attack
Kelsea Ballerini and Chase Stokes Are True Pretties During 2024 People's Choice Country Awards Date Night
Harris heads to the US-Mexico border to face down criticism of her record
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Athletics fans prepare for final game at Oakland Coliseum: 'Everyone’s paying the price'
Tribal Members Journey to Washington Push for Reauthorization of Radiation Exposure Compensation Act
Why Paige DeSorbo Wasn't by Boyfriend Craig Conover's Side at 2024 People's Choice Country Awards