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Smith & Wesson to Relocate Headquarters to Tennessee
Yahoo Finance ^ | September 30, 2021 | Yahoo Finance

Posted on 09/30/2021 8:51:48 AM PDT by re_tail20

Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), one of the nation's oldest firearms manufacturers, announced today that it is moving its headquarters and significant elements of its operations to Maryville, Tennessee in 2023. Smith & Wesson has been based in Springfield, Massachusetts since the company was incorporated in 1852.

Mark Smith, President and Chief Executive Officer, said "This has been an extremely difficult and emotional decision for us, but 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 specifically cited legislation recently proposed in Massachusetts that, if enacted, would prohibit the company from manufacturing certain firearms in the state. "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. While we are hopeful that this arbitrary and damaging legislation will be defeated in this session, these products made up over 60% of our revenue last year, and the unfortunate likelihood that such restrictions would be raised again led to a review of the best path forward for Smith & Wesson."

Smith indicated that the company vetted a number of cities and states and, after careful consideration, made the decision to relocate 750 jobs and its headquarters to Maryville, Tennessee. The key factors in the decision included the following:

Support for the 2nd 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

Smith continued, "The...

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; US: Massachusetts; US: Tennessee
KEYWORDS: 2ndamendment; banglist; firearms; guns; rkba; smithwesson
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1 posted on 09/30/2021 8:51:48 AM PDT by re_tail20
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To: re_tail20

Is Tennessee a “right to work” state?


2 posted on 09/30/2021 8:54:50 AM PDT by Wonder Warthog (Not Responding to Seagull Snark)
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To: re_tail20

About time!


3 posted on 09/30/2021 8:54:53 AM PDT by larrytown (A Cadet will not lie, cheat, steal, or tolerate those who do. Then they graduate...)
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To: re_tail20

Good for TN.

I’m in Dallas. Seems like half of California, part of New York and Illinois have moved here. Hahaha


4 posted on 09/30/2021 8:55:18 AM PDT by Red6
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To: PROCON

Ping. A sign of the times.


5 posted on 09/30/2021 8:55:30 AM PDT by Joe Brower ("Might we not live in a nobler dream than this?" -- John Ruskin)
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To: re_tail20; mylife; Joe Brower; MaxMax; Randy Larsen; waterhill; Envisioning; AZ .44 MAG; umgud; ...

RKBA Ping List


This Ping List is for all things pertaining to infringes upon or victories for the 2nd Amendment.

FReepmail me if you want to be added to or deleted from the list.

More 2nd Amendment related articles on FR's Bang List.

6 posted on 09/30/2021 9:01:05 AM PDT by PROCON (Sic Semper Tyrannis)
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To: Wonder Warthog

Tennessee is very much a “Right to Work” state.


7 posted on 09/30/2021 9:02:08 AM PDT by re_tail20
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To: re_tail20

So what happens when the leftists figure out that people and companies moving out means less tax money?


8 posted on 09/30/2021 9:02:09 AM PDT by McGavin999 (To shut down the border tell the administration the cartel is smuggling Ivermectin )
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To: re_tail20

What specifically is MA trying to ban the manufacturing of?


9 posted on 09/30/2021 9:02:36 AM PDT by alternatives? (The only reason to have an army is to defend your borders,)
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To: Red6

“I’m in Dallas. Seems like half of California, part of New York and Illinois have moved here. Hahaha”

You won’t be laughing in 10-20 years when you see what those emigres do to your state.


10 posted on 09/30/2021 9:04:23 AM PDT by BlueStateRightist (Government is best which governs least.)
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To: re_tail20

Sooo, Massachusetts just got canceled???


11 posted on 09/30/2021 9:04:55 AM PDT by Penelope Dreadful (And there is Pansies, that's for Thoughts.)
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To: McGavin999

Raise taxes on those remaining, of course. And whimper to Democrat feds about a subsidy.


12 posted on 09/30/2021 9:05:48 AM PDT by Billthedrill
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To: McGavin999

“So what happens when the leftists figure out that people and companies moving out means less tax money?”

Leftists celebrate news such as this. They REALLY do.


13 posted on 09/30/2021 9:05:56 AM PDT by BlueStateRightist (Government is best which governs least.)
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To: BlueStateRightist

I guess they think the can finance their programs with air, oh wait, you can just print more money! No problem


14 posted on 09/30/2021 9:07:54 AM PDT by McGavin999 (To shut down the border tell the administration the cartel is smuggling Ivermectin )
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To: Red6

You’re laughing now.


15 posted on 09/30/2021 9:12:23 AM PDT by Rappini (Compromise has its place. It's called second.)
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To: CottonBall

Ping


16 posted on 09/30/2021 9:14:23 AM PDT by Tilted Irish Kilt
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To: McGavin999
“So what happens when the leftists figure out that people and companies moving out means less tax money?”

If I read the article right, Smith will continue to have over 1,000 employees in Massachusetts going forward.

It will be interesting to see if this Blue hate-state legislature will retaliate with punitive legislation and drive out the rest of Smith.

I hope they do and that another Red state will get the jobs and money. Congratulations to Tennessee for despoiling the enemy camp.

17 posted on 09/30/2021 9:14:41 AM PDT by jeffersondem
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To: McGavin999
So what happens when the leftists figure out that people and companies moving out means less tax money?

If history is a guide, it means they double the taxes on those who remain.

[Verse 1]
Everywhere is
Freaks and hairies
Dykes and fairies
Tell me, where is sanity?

[Verse 2]
Tax the rich
Feed the poor
Till there are no
Rich no more

18 posted on 09/30/2021 9:16:29 AM PDT by null and void (As usual, the GOP was either totally unprepared for the onslaught or complicit in the tyranny)
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To: re_tail20
Massachusetts and Connecticut were once the epicenter of American gun making.

Now that trade is all but a memory thanks to the efforts of the moonbats that continually get elected in these states, the latest being that angry dyke, Maura Healey, my state's attorney general.

Great job, Maura, for driving another business out of Massachusetts.

19 posted on 09/30/2021 9:23:20 AM PDT by Lovely-Day-For-A-Guinness (Eenie meanie, chili beanie, the spirits are about to speak....)
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To: re_tail20

Headquarters ... does that include manufacturing or is the manufacturing done all over the world?


20 posted on 09/30/2021 9:23:39 AM PDT by cymbeline
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