Milwaukee Tool Announces Planned Expansion of Headquarters
May 1, 2018
With a planned total investment of $32M, Milwaukee Tool is proposing another major expansion at its global product development center in Brookfield, WI. A 114,500-sq. ft., multi-story building would be built on an existing 3.5 acre lot owned by Milwaukee Tool, bringing its global headquarter space to a proposed total of 504,500 sq. ft.
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 are committed to delivering a world-class work environment to attract, retain and recruit the best talent in the world," said Steve Richman, Milwaukee Tool Group President. "This investment is necessary for Milwaukee Tool to continue to deliver disruptive innovation and deliver on our commitment to drive productivity on the jobsite."
Milwaukee Tool is working with the City of Brookfield, Milwaukee 7, Wisconsin Economic Development Corporation, and Waukesha County Center for Growth officials on the proposed expansion. The City of Brookfield is proposing a Tax Increment Financing (TIF) district which would provide $3.5 million in TIF assistance to project costs estimated at over $32 million. The Wisconsin Economic Development Corporation is also working with Milwaukee on possible incentives for the project.
For more information contact:
Milwaukee Tool
13135 West Lisbon Road
Brookfield, WI 53005
800-SAWDUST (729-3878)
www.milwaukeetool.com
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