Current:Home > FinanceSmith & Wesson celebrates new headquarters opening in gun-friendly Tennessee -MoneyMatrix
Smith & Wesson celebrates new headquarters opening in gun-friendly Tennessee
View
Date:2025-04-16 13:45:21
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
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- New Hampshire man sentenced to minimum 56 years on murder, other charges in young daughter’s death
- New 'Doctor Who' season set to premiere: Date, time, cast, where to watch
- Ex-Ohio vice detective gets 11-year sentence for crimes related to kidnapping sex workers
- Former Syrian official arrested in California who oversaw prison charged with torture
- US utility pledges more transparency after lack of notice it empowered CEO to make plant decisions
- One man was a Capitol Police officer. The other rioted on Jan. 6. They’re both running for Congress
- Xavier University cancels UN ambassador’s commencement speech after student outcry
- Meet first time Grammy nominee Charley Crockett
- Video games help and harm U.S. teens — leading to both friendships and bullying, Pew survey says
Ranking
- Bodycam footage shows high
- The Integration of DAF Token with Education
- Baby Reindeer's Alleged Stalker Fiona Harvey Shares Her Side of the Story With Richard Gadd
- States with abortion bans saw greater drops in medical school graduates applying for residencies
- Rylee Arnold Shares a Long
- Her remains were found in 1991 in California. Her killer has finally been identified.
- New Jersey legislators advance bill overhauling state’s open records law
- Oprah reveals new book club pick Long Island by Colm Tóibín: Read a free excerpt
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
The Transition from Quantitative Trading to Artificial Intelligence
2024 South Carolina General Assembly session may be remembered for what didn’t happen
Julian Edelman: Belichick-Kraft backstage tension at Tom Brady roast could’ve ‘cut glass’
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
California’s budget deficit has likely grown. Gov. Gavin Newsom will reveal his plan to address it
Why am I lonely? Lack of social connections hurts Americans' mental health.
Jalen Brunson's return, 54 years after Willis Reed's, helps Knicks to 2-0 lead. But series is far from over.