Milwaukee Tool is expanding again in Brookfield, with plans to build a $32 million R&D facility - a project expected to create 350 new jobs.
The company has purchased a 3.5-acre site near its current facility that will house an advanced manufacturing research and development facility and office space. The 114,500-square foot, multi-story building is expected to be completed by late 2019.The company plans to create 350 jobs at the facility over the next five years - primarily engineering and software positions with an annual average salary of $75,000.
In 2017, Milwaukee Tool built a new 200,000 square foot, four-story office building on its Brookfield campus. The company has grown employment at its Brookfield campus from just over 300 jobs in 2011 to almost 1,300 this year.
"When you look at the growth our company has achieved in the last decade, the catalyst for our success has been our people. The drive, determination, and obsession of our employees has enabled us to continue delivering disruptive innovation for the professional trades and our distribution partners," said Steve Richman, Milwaukee Tool Group President. "We are proud to partner with the State of Wisconsin to grow a world-class work environment that will continue to attract, retain, and recruit the best talent in the world."
The Wisconsin Economic Development Corp. is providing $8 million in tax credits, contingent upon the number of jobs created and retained, and the amount of capital investment by the company.
The City of Brookfield is also supporting the expansion of the city's largest employer by providing $3.5 million in Tax Increment Financing assistance to help offset the project costs. "We value Milwaukee Tool as a great corporate citizen and the jobs that are being created are high level, family supporting jobs which benefit our city and the metropolitan area," said Brookfield Mayor Steven Ponto.
The Milwaukee 7 also worked with the company to ensure the expansion took place in the region. "We're delighted that Milwaukee Tool has selected southeastern Wisconsin for yet another significant expansion," said Gale Klappa, co-chair of Milwaukee 7 and chairman and CEO of WEC Energy Group. "The company's decision to again invest here highlights how attractive the Milwaukee region is to global companies that require skilled knowledge workers. We're attracting corporate investment at a pace unprecedented in Wisconsin history."