Historic Remington Arms Moves Headquarters from New York to Red State Georgia
Remington Arms has announced that it is moving its headquarters from anti-gun New York, to gun-friendly LaGrange, Georgia, and will invest $100 million in the Peach State.
The company announced its big move on Monday, adding that it would be hiring 865 people in Georgia.
“We are very excited to come to Georgia, a state that not only welcomes business but enthusiastically supports and welcomes companies in the firearms industry,” Remington CEO Ken D’Arcy said in a statement.
Georgia Governor Brian Kemp added that he is a long-time customer of Remington Arms, and added that Remington is a “first-class product.”
“I am excited to welcome them to their new home in the Peach State,” Kemp said. “Georgia’s firearms industry is responsible for thousands of jobs and millions of dollars of investment in our communities.”
Remington was bought out by a group of investors going under the name The Roundhill Group. The investors paid $13 million to purchase the gun-making business.
Per Syracuse.com:
Remington, the country’s oldest gun maker, began making flintlock rifles in 1816. It swelled into a firearms conglomerate, but faced slumping sales, complaints about quality, and legal pressure over the Sandy Hook school massacre. The current company no longer makes the Bushmaster AR-15 rifles used to kill 20 first-graders and six educators in the Sandy Hook shooting in Connecticut in 2012.
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Remington could claim various state tax breaks, including an income tax credit allowing it to annually deduct $3,000 per job from state income taxes, up to $12.8 million over five years, as long as workers make at least $28,000 a year. The state will also pay to train workers, but declined to detail the entire incentive package, saying it was not complete yet.
Remington is joining several other gun makers in fleeing north eastern states after those Democrat-run regions have pushed one anti-gun measure after another– not to mention the general anti-business atmosphere in those areas.
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