The nation’s oldest firearms manufacturer, Remington, has announced plans to move its headquarters to LaGrange, Georgia. The relocation from New York is estimated to bring 865 jobs and over $100 million to Troup County over a 5 year period.

In a statement on its website, RemArms CEO, Ken D’Arcy said, “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.”

“Between the support we’ve received from the state and from Scott Malone and Kelley Bush of the City of LaGrange Economic Development Authority, we cannot wait to expand our company in Georgia. Everyone involved in this process has shown how important business is to the state and how welcoming they are to all business, including the firearms industry.”

Remington has not made public which products it will be manufacturing in its new Georgia facility and has stated it will not close it Ilion, NY manufacturing operations.