Brookfield-based Milwaukee Tool plans to bring an estimated 300 jobs to its new Menomonee Falls facility through a $42 million investment, Gov. Tony Evers announced in a news release Sept. 4.
The investment in Milwaukee Tool’s 22-acre property at 100 Heritage Reserve, which the company bought late last year, will get the support of up to $4.5 million in performance-based Enterprise Zone credits from the Wisconsin Economic Development Coalition, according to the release.
Enterprise Zone Credits are meant to help Wisconsin business that are creating significant expansion projects or relocating major business operations to Wisconsin from other states.
These tax credits can be earned through multiple factors such as creating jobs, employee training and supply chain purchases from Wisconsin vendors.
“Milwaukee Tool continues to exemplify the innovation, excellence, and quality that Wisconsin is known for, and we are glad to be ensuring their continued growth and success in our state,” Gov. Evers said in the release.
“I want to thank Milwaukee Tool’s leadership for their continuing commitment to our state, our workers, and our communities as we continue to work together to build a 21st-century workforce and economy for our state,” he said.
“Milwaukee Tool is a Wisconsin success story and an economic powerhouse for the Milwaukee region and the entire state,” said WEDC Secretary and CEO Missy Hughes in a released statement.
Since the partnership began with Milwaukee Tool and WEDC in 2016, WEDC has authorized more than $75 million in Enterprise Zone tax credits to support Milwaukee Tool’s growth. In return from these credits, Milwaukee Tool has invested more than $420 million in capital expenditures, according to the release.
According to the release, the Milwaukee Tool expanded its workforce from 900 employees in 2016 to more than 4,000 today. Milwaukee Tool has also established advanced research and development and manufacturing operations in Brookfield, Milwaukee, Menomonee Falls, West Bend and Sun Prairie, according to the release.
“This investment isn’t just about adding jobs—it’s about strengthening our ability to innovate, grow, and lead from right here in Wisconsin,” said Milwaukee Tool Chief Financial Officer Christine Delisle in a released statement. “Our team is proud to continue building the future of manufacturing in a state that’s been central to our story for over a century.”
Milwaukee Tool was founded in 1924. Milwaukee Tool is owned by Hong Kong-based Techtronic Industries Co. In recent years, the company has faced questions and a lawsuit over its reported connections to forced labor in China.
Cathy Kozlowicz can be reached at 262-361-9132 or cathy.kozlowicz@jrn.com. Follow her on X at @kozlowicz_cathy.
This article originally appeared on Milwaukee Journal Sentinel: Milwaukee Tool expansion in Menomonee Falls will get performance-based tax credit boost
Reporting by Cathy Kozlowicz, Milwaukee Journal Sentinel / Milwaukee Journal Sentinel
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