Smith and Wesson moving headquarters to Tennessee.

Saltwater60

Saltwater60

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I don’t blame them. I liked that the CEO thanked the Governor and other Republicans for their unwavering support of the second amendment. You don’t here that much.

www.wsj.com

Gun Maker Smith & Wesson to Move Headquarters to Tennessee

The company will invest more than $125 million to relocate its headquarters and some operations from Springfield, Mass., where it has been located for generations, to Blount County, Tenn.
www.wsj.com www.wsj.com
 
kev74

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Bustedknees said:
I've never balanced a budget that big , but it seems like a ridiculous number to make a move. I'd bet it includes more bonus money for people with suit n tie than actual moving cost.
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I worked at a manufacturing facility that paid $10 million to move the machine I ran down from Quebec. Management was very happy at that cost compared to the cost of buying/building a new machine.

$125-130 million to move an operation the size of what S&W has in Springfield, including property acquisition, build out, moving, buying and installing new equipment, relocating staff and training new staff, and costs associated with the disruption of production doesn't seem unreasonable to me.
 
Saltwater60

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Doc8404 said:
They should manufacture ammo.
that’s a money maker.
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Probably costs billions to install the equipment and warehouse these days. With all the political turmoil it’s a bad investment because it will take decades to make it back. With the shift away from guns and hunting normally it’s a tough sell. I know a huge boom just came but I think most of those new shooters will end up posting on here to sell to guys like us. As a matter of fact haven’t we seen that already? Lots of .177 listing guns for sale here at crazy prices that they purchased them at and with one box of ammo through it.
 
Saltwater60

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kev74 said:
I worked at a manufacturing facility that paid $10 million to move the machine I ran down from Quebec. Management was very happy at that cost compared to the cost of buying/building a new machine.

$125-130 million to move an operation the size of what S&W has in Springfield, including property acquisition, build out, moving, buying and installing new equipment, relocating staff and training new staff, and costs associated with the disruption of production doesn't seem unreasonable to me.
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I agree especially if it includes building/property acquisitions.
 
Jackalope

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Good move on their part. There seems to be a migration of firearm related manufacturers moving here to Tennessee. I retired to TN two years ago, and have zero regrets. Less taxes, less laws, and less stress. Here on the Cumberland Plateau we get a few snow falls, but it melts within a day or so, and I haven't had to shovel yet. Summers aren't bad, due to our elevation, it's usually 10 degrees cooler than Knoxville and Nashville. There are 5 gun shops in our small town, so the gun culture is very active. Had to go back up to the Adirondacks last week to pick up some our remaining possessions and it was warmer there than in TN. I like the long Fall and Spring seasons. We generally get our first frost in mid to late November. Had tomatoes from our greenhouse until mid December, this year we're going to try to heat the greenhouse for a year round harvest.
 
TEOTWAWKI inc.

TEOTWAWKI inc.

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A bunch of companies moving to TN is great, but I hope they thought about staffing difficulties in their business plans. Positions I offer here are $7-$8/hr lower there. They are going to need to pay more or deal with the same staffing problems as everyone else.
 
Jackalope

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TEOTWAWKI inc. said:
A bunch of companies moving to TN is great, but I hope they thought about staffing difficulties in their business plans. Positions I offer here are $7-$8/hr lower there. They are going to need to pay more or deal with the same staffing problems as everyone else.
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It's true that salaries are lower in TN. However, the cost of living is much lower in TN, and the quality of life is better too. Unleaded gas is $2.76/ gallon in my locale. No State income tax too. Land taxes are substantially lower in TN, for example, I've been paying around $2000 for county and school taxes on a small home on a 1 acre lot in the Adirondacks. Here in TN, we've got a 3 bedroom ranch with multiple outbuilding on 3.5 acres, and our combine county and schools taxes are $330 per year after a recent re-assessment (before the reassessment they were $311). No annual vehicle inspections. No license plate required for small trailers for in State usage, however I did obtain a lifetime plate for my trailer for $120. At 65 you can obtain a lifetime hunting/fishing license for like $65. No charges for taking garbage to the local "convenience" center. After moving to TN, we realized how much NYS was sucking us dry with taxes, fees, and the time it took to get vehicles inspected, etc.

There are many good technical schools and universities in the State which should be able to provide competent employees. The old meme of redneck hillibillies just isn't relevant anymore. We have friends that are university professors, researchers, several pharmacists, health care professionals, and many retired federal and state employees. With the milder seasons and slower pace of life, I can't understand why anyone would stay in NY, especially if you have a conservative outlook. I lived for 30 years in the Adirondacks, and enjoyed the majestic beauty of the mountains, but TN has everything that I had there. There's plenty of wildlife, hiking trails, fishing opportunities. Sometimes, money isn't everything. I guess you need to look at the whole picture, not just salaries, and that's why so many companies are moving to TN.
 
Saltwater60

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Jackalope said:
It's true that salaries are lower in TN. However, the cost of living is much lower in TN, and the quality of life is better too. Unleaded gas is $2.76/ gallon in my locale. No State income tax too. Land taxes are substantially lower in TN, for example, I've been paying around $2000 for county and school taxes on a small home on a 1 acre lot in the Adirondacks. Here in TN, we've got a 3 bedroom ranch with multiple outbuilding on 3.5 acres, and our combine county and schools taxes are $330 per year after a recent re-assessment (before the reassessment they were $311). No annual vehicle inspections. No license plate required for small trailers for in State usage, however I did obtain a lifetime plate for my trailer for $120. At 65 you can obtain a lifetime hunting/fishing license for like $65. No charges for taking garbage to the local "convenience" center. After moving to TN, we realized how much NYS was sucking us dry with taxes, fees, and the time it took to get vehicles inspected, etc.

There are many good technical schools and universities in the State which should be able to provide competent employees. The old meme of redneck hillibillies just isn't relevant anymore. We have friends that are university professors, researchers, several pharmacists, health care professionals, and many retired federal and state employees. With the milder seasons and slower pace of life, I can't understand why anyone would stay in NY, especially if you have a conservative outlook. I lived for 30 years in the Adirondacks, and enjoyed the majestic beauty of the mountains, but TN has everything that I had there. There's plenty of wildlife, hiking trails, fishing opportunities. Sometimes, money isn't everything. I guess you need to look at the whole picture, not just salaries, and that's why so many companies are moving to TN.
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That settles it in moving in with you.
This is on my retirement list. Now my wife says well we have to see where the kids end up. I don’t care. I’ve already told my kids we’re moving if you want to join us great if not so be it. Now my wife changes that plan. I’m not sure I can stay or retire in NYS. Maybe I’ll have to find a new wife if it comes to that. I love my wife but my freedom is important.
 
TEOTWAWKI inc.

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Jackalope said:
It's true that salaries are lower in TN. However, the cost of living is much lower in TN, and the quality of life is better too. Unleaded gas is $2.76/ gallon in my locale. No State income tax too. Land taxes are substantially lower in TN, for example, I've been paying around $2000 for county and school taxes on a small home on a 1 acre lot in the Adirondacks. Here in TN, we've got a 3 bedroom ranch with multiple outbuilding on 3.5 acres, and our combine county and schools taxes are $330 per year after a recent re-assessment (before the reassessment they were $311). No annual vehicle inspections. No license plate required for small trailers for in State usage, however I did obtain a lifetime plate for my trailer for $120. At 65 you can obtain a lifetime hunting/fishing license for like $65. No charges for taking garbage to the local "convenience" center. After moving to TN, we realized how much NYS was sucking us dry with taxes, fees, and the time it took to get vehicles inspected, etc.

There are many good technical schools and universities in the State which should be able to provide competent employees. The old meme of redneck hillibillies just isn't relevant anymore. We have friends that are university professors, researchers, several pharmacists, health care professionals, and many retired federal and state employees. With the milder seasons and slower pace of life, I can't understand why anyone would stay in NY, especially if you have a conservative outlook. I lived for 30 years in the Adirondacks, and enjoyed the majestic beauty of the mountains, but TN has everything that I had there. There's plenty of wildlife, hiking trails, fishing opportunities. Sometimes, money isn't everything. I guess you need to look at the whole picture, not just salaries, and that's why so many companies are moving to TN.
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:topsecret:
 
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