Troy Industries, Inc., a firearms manufacturer, will invest $7.2 million to relocate its headquarters and manufacturing operations from Massachusetts to Clarksville, Tennessee. The company plans to create 75 jobs over the next five years.
The company will be located at 1575 Corporate Parkway Blvd., the former home of the Tennessee Rehab Center. Troy Industries plans to transition the facility into a design and manufacturing facility for top-quality small arms components and accessories, according to company officials.
“While TROY has enjoyed a very successful period of growth in Massachusetts, the changing climate for firearms manufacturers in the state determined the need for our relocation to Tennessee to ensure the continued success of the company. We are excited to begin this new venture and appreciate all the support we have already received from Representative Mark Green, Governor Bill Lee and the state of Tennessee in making this relocation possible,” said Steve Troy, president and CEO, Troy Industries, Inc.
TROY is one of America’s largest suppliers of OEM small arms accessories and weapon upgrades. The company supplies firearms to military, law enforcement and civilians. In addition to TROY Firearms, many other firearms manufacturers, such as Smith & Wesson, Colt, HK and Sturm, Ruger & Company incorporate TROY components into their products.
“I appreciate TROY for choosing to relocate to Tennessee and am proud to partner with this world-renowned firearms manufacturer. When companies pick Tennessee to locate or expand their operations, it is a vote of confidence to our state’s business-friendly climate and skilled workforce. I thank TROY for this investment and the creation of new jobs for Tennesseans,” said Governor Bill Lee.
Over the last five years, TNECD has supported nearly 10 economic development projects in Montgomery County, accounting for more than 2,400 job commitments and $690 million in capital investment, according to the release.