Tennessee Agrees to $8.8 Million More in FastTrack Incentive Grants

Schneider Electric building

Tennessee’s Department of Economic and Community Development has handed out more than $8.8 million in incentives since it last posted FastTrack incentives for February.

Those include $3.4 million to Schneider Electric in Mount Juliet and Smyrna, $2.5 million to Shoals Technologies Group in Portland, $1.6 million to Nokian Tyres in Dayton and $1.3 million to an unnamed project.

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Smith & Wesson Cited Support for Second Amendment, Cost of Living as Reasons for Move to Tennessee

Gun manufacturer Smith & Wesson held a weekend ribbon cutting ceremony at its new $160 million headquarters in Maryville, leaving its former home in Massachusetts behind. 

“From where I stand, the next 170 years of Smith & Wesson are looking pretty good,” said the company’s CEO and President Mark Smith at the ceremony. “It is something special here in Tennessee.”’

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SCCY Firearms Relocating to Tennessee

Tennessee Star

  SCCY Firearms is relocating to Tennessee, according to a report in NRA magazine Shooting Illustrated. The handgun manufacturer announced last week that it would move from Daytona Beach, Florida to Maryville in Blount County in East Tennessee. SCCY will be housed in a 150,000-square-foot plant on a 68-acre campus. The staff size will increase to 350. The first phase of construction is set to be completed in the first half of 2018. “We needed more space to make those guns,” company founder and CEO Joe Roebuck told reporters. “So when we come to Tennessee, there’s actually two more additional product lines coming that we don’t currently manufacture and sell today.” Begun in 2003 as a small company, SCCY later grew to the point that last year it projected $30 million in sales. SCCY touts its product as the “king of concealed carry.” Plans for the Tennessee location include an outdoor shooting range, a lodge for visiting VIPs and gun writers and five main production and shipping buildings. “I’m gonna keep a small footprint back in Florida, but I’m moving my headquarters here,” Roebuck said. Last year, Italian gunmaker Beretta opened a plant north of Nashville in Gallatin with plans to employ…

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