Remington Firearms, a gun manufacturer, after 205 years is moving its headquarters from New York to gun-friendly Georgia in response to New York’s laws restricting the right of the Second Amendment thereby affecting firearms manufacturers’ business.
On Monday, Remington announced that it would invest $100 million in a new headquarters in LaGrange, Georgia and this business decision would result in 856 new jobs, but also an increase in the company’s revenue.
The stumbled company was founded in Ilion in 1816, and in June 2020, Roundhill Group investors bought it out of bankruptcy for $13 million, including operations in Lenoir City, Tennessee, and Ilion, New York.
This is the second time Remington has been pulled out of ruin after the company was burdened by a series of lawsuits and restrictions on arms sales over a number of school shootings and the 2012 Sandy Hook massacre that killed 26 people including 20 children.
The families of the victims of the massacre accused Remington of selling Bushmaster XM15-E2S rifle to civilians which violated The Unfair Trade Practices Act of the state of Connecticut.
Due to the Sandy Hook massacre, the company stopped production of the Bushmaster AR-15 rifle, used to commit the crime.
Dems killing the jobs, GOP states creating them
The trend of firearms manufacturers moving from gun restricting states in the northeast to gun-friendly states in the west and south seems to be continuing.
Smith & Wesson announced a little over a month ago the company is moving its headquarters from Massachusetts after 165 years, to gun-friendly Tennessee, as Massachusetts lawmakers announced the passage of a law banning the production of assault weapons.
Ken D´Arcy, Remington’s chief executive, said the company was looking forward to moving to Georgia, stating it is a gun production welcoming state, which supports arms companies, and Georgia Gov. Brian Kemp added the arms industry employs thousands of citizens, bringing in millions of dollars to the community, concluding how he himself owns top quality Remington guns.
LaGrange’s director of economic development, Scott Malone, said the business venture would build at least one new building to the city and the rest of operations would include a combination of renovated and new buildings, stating how local authorities would provide property tax.
Remington will also take advantage of the tax credit in the form of a $3,000 a year deduction from income tax per job, and Georgia will also pay for the worker training process.