Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Beretta’s Hittin’ the Road

By

Beretta has announced plans to build a factory in Tennessee and not in Maryland where it has been for 35 years. The new facility will create 300 jobs. Maryland’s Governor Martin O’Malley (D) and his anti-Second Amendment Firearm Safety Act of 2013 are to blame for the departure. Our Liberty and Freedom map shows you why Georgia, Kentucky, North Carolina, South Carolina, Texas and Virginia were site finalists.

Political--Map-Link

Fox News Reports:

Italian gun maker Beretta said Wednesday that Tennessee’s support for gun rights was a major factor in its decision to build a manufacturing and research facility in the Nashville suburb of Gallatin.

The $45 million plant is projected to be complete this year and create 300 new jobs.

Gun rights were “the first criteria for deciding to even consider a state,” said Jeff Reh, a member of Beretta USA Corp.’s board of directors.

Reh spoke to reporters after a press conference that included Gov. Bill Haslam and Franco Gussalli Beretta, the company’s executive vice president and director, as well as lawmakers and city officials.

Reh, who led the site search, said there were some states considered that “respect Second Amendment rights,” but they “didn’t have the type of support that we saw in Tennessee.”

Several states began wooing Beretta from Maryland after the company raised objections to a wide-ranging gun control measure enacted there last year. Company officials said Wednesday that they have reached capacity in Maryland, requiring the expansion elsewhere.

“We look forward to building operations here and being part of your community for many years to come,” Beretta said.

The other site finalists were Georgia, Kentucky, North Carolina, South Carolina, Texas and Virginia.

Last year, lawmakers in Tennessee passed and the governor signed a measure that allows people with handgun carry permits to store firearms in their vehicles no matter where they are parked, including company parking lots.

When asked by a reporter if Beretta will allow its employees to keep guns in their cars at work, Reh responded, “if that’s allowed by state law, yes.”

The following two tabs change content below.

E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

Latest posts by E.J. Smith - Your Survival Guy (see all)