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Milwaukee Tool plans $32M expansion, creating 350 new jobs

7/17/2018

 
Picture
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."

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  • JOIN
  • Membership
    • The benefits of joining
    • Member directory >
      • Member Spotlights
      • Talent Solutions Directory
    • What we do >
      • Talent >
        • Ranking Milwaukee County Schools
        • Education recommendations
        • Technology Education & Literacy in Schools (TEALS)
        • Career-based learning experiences
      • Growth
      • Livability
      • Equity
      • Peer metro comparison
    • Cost saving programs >
      • Health insurance plan
      • Office supply discount program
    • Events >
      • 2021 All Member Meeting
      • Diverity, Equity & Inclusion Summit
      • Talent Solution Series
      • Emerging Leaders Series
      • Global Business Insights Series
      • Member Orientation
      • Replay: The Business of MKE Series
      • Replay: Race Bridge Series
    • For members only >
      • Sponsorship
      • Advertising
    • Need more info?
  • Networks
    • Leadership Council
    • President's Huddle
    • Executive roundtable program
    • FUEL Milwaukee for young professionals
    • Future 50 Awards Program
    • Networking Forum for referrals
    • Region of Choice Initiative
    • Roundtables for high-growth companies
    • World Trade Association
  • Advocacy
    • Recent Legislative Wins
    • Miller Park economic impact study
    • Wisconsin State Legislature
  • Economic Development
    • Milwaukee 7 Regional Partnership
    • Resources for startups
    • Milwaukee Development Corp. >
      • Rebuild & Revitalize Program
    • Milwaukee Urban Strategic Investment Corp. (MUSIC)
    • Milwaukee EB-5 Visa program
    • Starting a business >
      • BizStarts
      • New business planning guide
  • Metro MKE
    • 2022 Navigate Business MKE
    • Business outlook survey
    • Economic trends
    • Local media listings
    • Major employers in metro Milwaukee
    • Metro Milwaukee demographics
    • Order a publication
    • Relocating a business
  • About
    • Board of directors
    • Council of small business executives
    • Staff
    • Milwaukee Commerce magazine
    • Press releases
    • Members of the media >
      • Recent Media Coverage
    • Scholarships for minority students