TechTronic Industries’ Milwaukee Tool Announces Major Investment, Expansion in Wisconsin
Owned by parent company TechTronic Industries of Hong Kong, Wisconsin-based Milwaukee Tool announced plans for a major investment and expansion of its headquarters in Brookfield, Wisconsin, a project that is expected to create nearly 600 jobs in the next five years.
The renewed investment in the state comes with the help of $18 million in performance-based tax credits under the Enterprise Zone Tax Credit Program from the Wisconsin Economic Development Corporation, as well as additional funding and collaboration with the City of Brookfield and Milwaukee 7.
The 200,000-square-foot expansion will include a new four-story office building connected to the current facility, as well as the hiring of hundreds of new employees in the next five years.
“Milwaukee Tool is dedicated to driving growth and creating new jobs in Wisconsin and throughout the United States,” said Milwaukee Tool Group President Steve Richman. “We firmly believe that, through investing in our people, we will deliver disruptive innovation and the highest quality products to our users and distribution partners.”
Milwaukee Tool’s latest expansion adds to Wisconsin’s flourishing manufacturing industry, as other industry leaders such as Rockwell Automation, Kohler and Harley-Davidson have all committed to making a home in the state. Learn more by visiting Invest.InWisconsin.com.