Milwaukee Tool Plans to Expand Headquarters
This $32 million expansion would create 350 additional new jobs in the next five years.
Posted: January 31, 2018
With a planned total investment of $32 million, Milwaukee Electric Tool Corporation (Brookfield, WI) is proposing another major expansion at their global new product development center: a 114,500 sq ft multi-story building would be built on an existing 3.5 acre lot they own, growing their global headquarters space from its original 190,000 sq ft to a proposed total of 504,500 sq ft. Over the last several years, the company has experienced rapid growth, expanding employment at their headquarters from just over 300 jobs in 2011 to almost 1,300 this year. This expansion would lead to the creation of 350 additional new jobs in the next five years, with an average annual salary of $75,000.
“We must grow or die. We are committed to delivering a world-class work environment to attract, retain, and recruit the best talent in the world.” said Steve Richman, the president of Milwaukee Tool Group. “This investment is necessary for us to continue to deliver disruptive innovation and deliver on our commitment to users and distribution partners in driving productivity on the jobsite.”
The company is working with the City of Brookfield, Milwaukee 7 (Milwaukee, WI), Wisconsin Economic Development Corporation (WEDC; Madison, WI), and the Waukesha County Center for Growth (Waukesha, WI) on the proposed expansion. The City of Brookfield is proposing a Tax Increment Financing (TIF) district that would provide $3.5 million in TIF assistance to project costs estimated at over $32 million. WEDC is also working with them on possible incentives for the project. The company is exploring other options for the needed office space to facilitate continued growth, but would prefer to keep all of their product research, design and development within their campus.
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