Gunmaker Smith & Wesson moving headquarters to Tennessee

NASHVILLE, Tenn. (AP) — Gun manufacturer Smith & Wesson plans to relocate its headquarters from Massachusetts to gun-friendlier Tennessee in a $125 million investment expected to create 750 jobs, officials announced Thursday.

The gunmaker founded in 1852 is currently centered in Springfield, Massachusetts, a state where company officials say legislative proposals would prohibit them from manufacturing certain weapons.

A proposal in the Democrat-led state Legislature would extend the state's ban on the sale and possession of assault weapons or large-capacity magazines to also outlaw manufacturing them in Massachusetts, unless it's for the military or law enforcement.

"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,” Mark Smith, Smith & Wesson CEO, said in a news release.

Tennessee’s Department of Economic and Community Development says Smith & Wesson Brands, Inc. will move its headquarters, distribution, assembly and plastic injection molding operations to Maryville, 18 miles (29 kilometers) south of Knoxville. Groundbreaking is planned before the end of the year.

One of the reasons to head to Tennessee, the company reasoned, is its “support for the 2nd Amendment.”

Tennessee has moved to loosen gun restrictions in recent years under Republican leadership. Earlier this year, the state became the latest to allow most adults 21 and older to carry handguns without a permit that requires first clearing a state-level background check and training.

The company said the move will not begin until 2023. The jobs will be...