NEWTOWN, Conn. — The National Shooting Sports Foundation® (NSSF®), the firearm industry trade association, noted that the announcement from Smith & Wesson Brands, Inc., of their plan to move their headquarters and a large portion of their operations to Tennessee is just the latest of a series of firearm and ammunition manufacturers moving to states with strong Second Amendment traditions. Smith & Wesson announced their plans to relocate headquarters and assembly operations from Springfield, Mass., to Maryville, Tenn.
“This follows a pattern of firearm and ammunition manufacturers that are migrating to states that respect the contributions of the firearm industry and respect the Second Amendment rights of those who purchase their products,” said Lawrence G. Keane, NSSF Senior Vice President and General Counsel. “The decision to expand production by any firearm manufacturer is indicative of the strong and vibrant market of lawful gun ownership. Firearm sales have been at record levels for more than 18 months and this investment in the future shows that the leading firearm manufacturers see a market with continued room for growth.”
Smith & Wesson’s new Tennessee home is familiar with firearm manufacturing. Earlier this year Troy Manufacturing announced it was moving production from West Springfield, Mass., to Clarksville, Tenn. Beretta U.S.A. Corporation moved production from Maryland to Gallatin, Tenn., in 2016 and Barrett Firearms is headquartered in Murfreesboro, Tenn.
Smith & Wesson will add 750 jobs to the state and invest over $125 million to build a new state of the art facility. The firearm industry already employs nearly 7,800 people in Tennessee through direct or indirect jobs and contributes over $1.07 billion in economic impact. The firearm industry pays $130.5 million in federal and state taxes annually and contributed an additional $22.1 million in excise taxes that benefit wildlife conservation.
Smith & Wesson’s announced expansion into Tennessee is the latest of states that respect the rights of law-abiding citizens attracting firearm and ammunition manufacturers to move or expand.