Smith & Wesson Invests $ 125 Million in Headquarters Relocation to East Tennessee | WJHL
MARYVILLE, Tennessee (WATE) – Smith & Wesson, one of America’s oldest and most beloved arms manufacturers, will invest $ 125 million to relocate its headquarters from Massachusetts to Maryville, Tennessee.
In addition to relocating headquarters, Smith & Wesson will relocate sales, assembly and plastic injection molding to the Partnership Park North industrial park in Blount County. The move will create 750 new jobs, according to a statement from the Tennessee Department of Economic and Community Development.
The company plans to break the first sod on the premises of Partnership Park North this year.
“The strong support we received from the state of Tennessee and the entire Blount County leadership during this process, combined with the quality of life, outdoor lifestyle and low cost of living in the greater Knoxville area leaves no doubt that Tennessee is ideal Location for the new Smith & Wesson headquarters. We would like to express our gratitude to Governor Lee for his crucial contributions and to all of the state lawmakers for their unwavering support for Amendment 2 and for creating a welcoming, business-friendly environment. “
Smith & Wesson Brands, Inc. President and CEO Mark SmiNS
State officials say Tennessee ranks # 1 in the nation for small arms and ammunition employment, with employment increasing 54% over the past five years. There are over 20 small arms and ammunition manufacturers in Tennessee.
“Our business-friendly reputation, skilled workforce, and commitment to the Second Amendment make Tennessee an ideal location for firearms manufacturing,” said Governor Bill Lee. “We welcome Smith & Wesson to The Volunteer State and are proud that this US-based brand has decided to relocate from Massachusetts. Thank you for your significant investment in Blount County and for creating 750 new jobs. ”
S&W won’t be the only gun manufacturer in Blount County. In 2017, arms maker SCCY Industries, LLC invested $ 22.5 million to build a new facility in Maryville.
“The collaboration between the Blount Partnership, the state of Tennessee, Blount County and the cities of Maryville and Alcoa and many others has added another solid Smith & Wesson business to our already bustling economy,” said Maryville Mayor Andy White. “Moving our headquarters to our region will provide great jobs for future generations. We welcome their leaders and their families to our community and know that they have found a new home. ”