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Smith & Wesson to Move Headquarters to Gun-Friendly Tennessee

Firearm Store Sales As Biden Announces Restrictions, Including On 'Ghost Guns'
Photographer: Bing Guan/Bloomberg

Smith & Wesson Brands, one of the oldest arms manufacturers in the U.S., announced it will relocate its headquarters to Tennessee after about 170 years in Massachusetts, citing a proposed bill that would ban assault-weapon manufacturing in its home state.

The Springfield, Massachusetts-based company will invest $120 million to move its headquarters and at least 750 jobs to Maryville, Tennessee, by 2023. Chief Executive Officer Mark Smith said that the decision came after proposed legislation in the Northeastern state could limit the production of firearms that account for more than 60% of the company’s revenue. If passed, the bill would ban the manufacturing of assault weapons for purposes other than law enforcement and military use.