Major expansion plans take shape in Wisconsin
Milwaukee Tool Corp., an industry-leading manufacturer and marketer of heavy-duty, portable electric power tools and accessories for professional users worldwide, recently announced plans to embark on a 200,000-square-foot expansion of its headquarters. The project is expected to create nearly 600 jobs in the next five years, making the company the largest employer in Brookfield. The expansion will include a new four-story office building connected to the current facility. Most of the new positions will focus on research and development within the company’s engineering and marketing departments.
Through WEDC’s Enterprise Zone Tax Credit Program, Milwaukee Tool will earn up to $18 million in performance-based state income tax credits over the next six years. The economic development effort was a collaboration between WEDC, the City of Brookfield and Milwaukee 7.
Iconic tools known around the world
Founded in 1924, Milwaukee Tool currently employs 1,000 people globally, and continues to set industry standards, targeting professional tool users of all types with a product line that includes more than 500 tools and more than 3,500 accessories. Throughout its history, the company has maintained a steadfast commitment to quality, using state-of-the-art technologies and sophisticated manufacturing techniques.
(May 2016)
