Beretta USA announced its plans to move its entire production line to the state of Tennessee in 2015, citing Maryland’s anti-gun political climate and the Old Line state’s recently passed gun ban legislation.
From their press release:
“While we had originally planned to use the Tennessee facility for new equipment and for production of new product lines only, we have decided that it is more prudent from the point of view of our future welfare to move the Maryland production lines in their entirety to the new Tennessee facility,” [Jeff Cooper, General Manager for Beretta U.S.A. Corp.] added.
How bad is it for Martin O’Malley’s state?
It’s going to cost them 300 plus jobs, millions in taxes and a healthy dose of humiliation as a long-time company pulls up stakes and heads to Tennessee.