Gunmaker Smith & Wesson Breaks Ground on Tennessee Home After Relocating Over Firearm Manufacturing Legislation

An attendee walks through the Smith & Wesson booth during the 2013 NRA Annual Meeting and Exhibits at the George R. Brown Convention Center in Houston on May 3, 2013. New York Public Advocate Bill de Blasio announced on July 22 that eight hedge funds and money managers have divested gun holdings valued at $150 million. Justin Sullivan/Getty Images

Gunmaker Smith & Wesson broke ground on its new home in East Tennessee last week alongside several state and local leaders, just weeks after announcing the decision to move.

The American manufacturer of firearms, ammunition, and restraints, founded in 1852, currently has corporate headquarters in Springfield, Massachusetts.