Gunmaker Backs Out of $22.5 Million Tennessee Mission, Redirects Development to Florida
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A maker of handguns and accessories is ditching plans to relocate its headquarters to Tennessee and instead expand into Florida.
In 2017, SCCY Firearms announced that it will move from its original home in Daytona Beach, Florida to a new nine-building office and manufacturing campus in Maryville, Tennessee. The project was expected to cost $ 22.5 million and create 350 new jobs in East Tennessee.
But Joe Roebuck, owner and CEO of SCCY Firearms, said that Daytona Beach News-Journal that September that he had changed his mind and would stay on the Florida coast.
“It would be too costly to lose and move production in Daytona Beach,” Roebuck told the newspaper. “Can’t afford it.”
Roebuck said a slump in arms sales delayed his original plans to move to Tennessee in 2018. Last year he rented a building and started manufacturing in Maryville but told Daytona Beach News journal He was struggling to hire skilled workers in the area and labor costs were 30% higher than Florida.
Despite investing nearly $ 1 million in Tennessee so far, he recently informed local officials that he would not be promoting the new complex. SCCY Firearms is planning to return its Maryville property and has said it has not yet accepted other incentives. The total package offered by Tennessee officials was reportedly around $ 5 million.
Roebuck told the newspaper that 100% of the company’s products will be manufactured in Daytona Beach by the end of October and that he plans to add 30 more employees by the end of the year to increase his payroll to 200 in Florida.
Image Credit: Courtesy of SCCY Firearms
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