News Summary
Milwaukee Tool announces a $42 million investment in a new facility in Menomonee Falls, aiming to create 300 high-skill jobs. Supported by $4.5 million in tax credits from WEDC, this expansion signifies a commitment to growth in Wisconsin’s manufacturing sector, enhancing the company’s presence in the region.
Menomonee Falls, WI – Milwaukee Tool, known for its innovative power tools and accessories, is set to invest $42 million in a new facility located at 100 Heritage Reserve in Menomonee Falls. This significant expansion is expected to create 300 high-skill jobs in the region, further enhancing the company’s robust presence in Wisconsin.
The expansion project will receive substantial support from the Wisconsin Economic Development Corporation (WEDC), which has authorized up to $4.5 million in performance-based Enterprise Zone tax credits. This partnership underscores the state’s commitment to fostering business growth and job creation within its borders.
Milwaukee Tool acquired the 100 Heritage Reserve building, previously serving as a Strong Funds office, for $6.7 million at the end of last year. The new facility spans 22 acres and is strategically located near the intersection of Appleton and Good Hope, allowing for easy access and operational efficiency.
This new facility will complement Milwaukee Tool’s existing corporate infrastructure in the area. While the specific teams slated to operate from this location have yet to be confirmed, the expansion signifies the company’s commitment to maintaining its growth trajectory.
Since 2016, the WEDC has backed Milwaukee Tool’s expansion efforts with over $75 million in Enterprise Zone tax credits. Over the same period, the company has invested more than $420 million in capital expenditures and increased its workforce from 900 employees to over 4,000 in Wisconsin.
Milwaukee Tool has established a strong operational footprint across multiple Wisconsin locations, including Brookfield, Milwaukee, Menomonee Falls, West Bend, Mukwonago, and Sun Prairie, focusing on research, development, and manufacturing. Within Menomonee Falls alone, the company operates three other facilities, which include an event space, a video/photo studio, an advanced testing facility, and an IT and finance location.
CFO of Milwaukee Tool emphasized the vital role that the support from WEDC plays in driving innovation and growth within Wisconsin. Recognizing Milwaukee Tool’s growth as a sign of economic strength, Governor Tony Evers hailed the company as a success story and an economic powerhouse for the state.
Local residents and business owners in Menomonee Falls expressed optimism about the potential economic impact of the new facility. Many anticipate increased traffic and heightened business activity, highlighting the positive effects of job creation on the local community.
This investment by Milwaukee Tool not only demonstrates the company’s commitment to Wisconsin but also indicates a continuing trend of growth and expansion within the state’s manufacturing sector. As the company moves forward, it aims to leverage its presence to enhance innovation and create additional employment opportunities, solidifying its role as a key player in the economic landscape of Wisconsin.
Deeper Dive: News & Info About This Topic
HERE Resources
Milwaukee Tool Announces $42 Million Expansion in Menomonee Falls
Transformations in Ohio’s Construction Industry
New York City Reports Record Financial Results for Compass
Additional Resources
- Fox 6 Now
- Wikipedia: Menomonee Falls, Wisconsin
- Seehafer News
- Google Search: Milwaukee Tool expansion
- BizTimes
- Google Scholar: Milwaukee Tool
- Daily Reporter
- Encyclopedia Britannica: Milwaukee
- HBS Dealer
- Google News: Milwaukee Tool expansion Menomonee Falls
Author: STAFF HERE MILWAUKEE WRITER
MILWAUKEE STAFF WRITER The MILWAUKEE STAFF WRITER represents the experienced team at HEREMilwaukee.com, your go-to source for actionable local news and information in Milwaukee, Milwaukee County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Summerfest, Milwaukee Film Festival, and the Milwaukee Boat Show. Our coverage extends to key organizations like the Metropolitan Milwaukee Association of Commerce and Visit Milwaukee, plus leading businesses in manufacturing and brewing that power the local economy such as Harley-Davidson and MillerCoors. As part of the broader HERE network, we provide comprehensive, credible insights into Wisconsin's dynamic landscape.
