Gunmaker Smith & Wesson moving to Tennessee
Gunmaker Smith & Wesson is moving its headquarters and assembly operations from Massachusetts to Blount County. Gov. Bill Lee’s administration says the deal involves a $125 million investment and 750 new jobs.
Tennessee is also home to Italian gunmaker Barretta and 19 other small arms and ammunition manufacturers.
Here’s the release from Department of Economic and Community Development:
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Smith & Wesson Brands, Inc. officials today announced the U.S.-based leader in firearms manufacturing and design will relocate its headquarters and other major operations from Springfield, Massachusetts to Maryville, Tennessee.
In addition to its headquarters, Smith & Wesson will relocate its distribution, assembly, and plastic injection molding operations to Tennessee. The project represents an investment of approximately $125 million and will create 750 new jobs.
Smith & Wesson will locate in Partnership Park North in Blount County, where the company plans to break ground before the end of the year.
Founded in 1852, Smith & Wesson is one of the world’s leading manufacturers and designers of firearms. They manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and shotguns), handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world.
Smith & Wesson joins more than 20 small arms and ammunition manufacturers located in Tennessee. Tennessee ranks No. 1 in the nation for employment in the small arms and ammunition sector, with employment increasing by 54% over the last five years.
Since 2017, TNECD has supported 10 economic development projects in Blount County, resulting in approximately 3,100 job commitments and $1.4 billion in capital investment.
