~ Small arms components and accessories manufacturer will invest more than $7 million ~
Nashville, TN — Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Troy Industries, Inc. officials announced today that the firearms manufacturer will relocate its headquarters and manufacturing operations from West Springfield, Mass. to Clarksville, Tenn.
The project represents an investment of $7.2 million and the creation of 75 jobs over the next five years.
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.
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.
“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.” – Gov. Bill Lee
“Tennessee is home to some of the world’s most well-known manufacturing companies. Job creation in Tennessee’s advanced manufacturing sector far outpaces national growth, with employment concentration nearly 40 percent higher than the national average. We thank TROY for adding to Tennessee’s success in this industry and for making this investment in Montgomery County.” – TNECD Commissioner Bob Rolfe
“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.” – Steve Troy, president and CEO, Troy Industries, Inc.
“I met with Troy Industries about a year ago and knew right then and there that they were a great match for our community. They will bring a unique manufacturing component to Montgomery County and are a proven industry leader in the design and manufacturing of quality small arms components and accessories. Most of the world’s top military weapon’s producers seek TROY products because they set the standard for the industry. Steve, Tracy and the entire TROY team will make an awesome addition to the community.” – Montgomery County Mayor Jim Durrett
“The IDB is thankful Troy Industries, Inc. chose Clarksville to call home and welcomes them to the community. Troy Industries is a veteran-friendly employer and will help create another valued veteran connection to employment for our active-duty service members when they ETS. Aligning new and expanding business with our current population is a great win for the community.” – Montgomery County IDB Chairman Wally Crow
“TVA and Cumberland Electric Membership Corporation congratulate Troy Industries on its decision to locate operations in Clarksville. Helping to attract jobs and investment to the Valley is fundamental to TVA’s mission of service and we are proud to partner with the Clarksville-Montgomery County Economic Development Council and Tennessee Department of Economic and Community Development to help further that mission and support companies, like Troy Industries’ business success.” – John Bradley, TVA senior vice president of Economic Development
“TROY will be a great addition to Clarksville, and we are very excited they are locating here. Montgomery County is a great place to live and work. We have a great quality of life, our citizens have a tremendous work ethic and we are committed to developing the best trained workforce in the world. We welcome these new jobs and appreciate all the work done by Governor Lee, Commissioner Rolfe and our local officials to secure them. I look forward to continuing to partner with them in bringing new opportunities to our citizens.” – Sen. Bill Powers (R-Clarksville)
“Clarksville is proud to be the new home of Troy Industries. Our community presents a unique opportunity for businesses like TROY to thrive thanks to our pro-business environment, skilled workforce and military relevance. We appreciate our state and local officials for securing this significant investment and congratulate TROY on their decision to relocate to Clarksville.” – Rep. Curtis Johnson (R-Clarksville)
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
TNECD Media Contact
Molly Hair, Public Information Officer