Smith and Wesson gun manufacturer will move headquarters from Massachusetts to Tennessee, citing new anti-2nd amendment legislation. Smith and Wesson Brands Inc will officially move their headquarters to Tennessee next year. The gun manufacturer is currently based in Massachusetts and has cited, “Changing business climate for firearms manufacturing in Massachusetts.” Smith and Wesson have been headquartered in Springfield, Massachusetts, since their inception in 1852. The $1 billion company will officially relocate its headquarters and significant operations to Maryville, Tennessee, by 2023.
The bill being introduced in Massachusetts is HD.4192, an act to stop mass shootings.
According to The Daily Wire, the bill would “ban the manufacture of ‘any assault weapon or large capacity feeding device’ — except for those built for ‘an authorized law enforcement or military agency of the commonwealth, any other state, the United States, or a foreign government.’ ”
Mark Smith, president, and CEO said, “These bills would prevent Smith & Wesson from manufacturing firearms that are legal in almost every state in America and that are safely used by tens of millions of law-abiding citizens every day exercising their Constitutional 2nd Amendment rights, protecting themselves and their families, and enjoying the shooting sports.”
If the legislation passes, it will prohibit the company from manufacturing products that make up 60% of its revenue. Smith is hopeful that the legislation will not pass but worries these same restrictions could come up again in the future. Smith and Wesson will spend $120 million building their new facility.
While the Massachusetts facility will remain operational for now, the Connecticut and Missouri facilities will close. Smith and Wesson plan to relocate over 750 jobs. Employees that cannot relocate will be offered enhanced severance and job placement services.
In a press release, Mark Smith said, “After an exhaustive and thorough analysis, for the continued health and strength of our iconic company, we feel that we have been left with no other alternative. He also cited other reasons for the move to Tennessee, including:
- Support for the Second Amendment
- Business-friendly environment
- Quality of life for employees
- Cost of living and affordability
- Access to higher education institutions
- Availability of qualified labor for its operations and headquarter functions
- Favorable location for efficiency of distribution
Even with the Massachusetts legislation, 3.2 million Americans purchased their first gun in the first half of 2021. Almost half of the new gun owners are under 40 years old. In 2020, amidst the pandemic, Americans purchased 39.7 million firearms, up 40% from the prior year.
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