News Summary
Milwaukee Tool is investing $42 million to expand its operations in Menomonee Falls, creating around 300 high-skilled jobs. The new facility will enhance existing operations and reflect the company’s commitment to innovation and economic growth in Wisconsin. Supported by the Wisconsin Economic Development Corporation, this expansion is part of Milwaukee Tool’s ongoing strategy to strengthen their workforce and manufacturing capabilities.
Menomonee Falls, Wisconsin – Milwaukee Tool is set to make a significant investment of $42 million in expanding its operations in Menomonee Falls, with plans to create approximately 300 high-skill jobs within the region. The new facility will be established at 100 Heritage Reserve on a 22-acre property, enhancing the company’s existing operations in the area.
The expansion is expected to receive support from the Wisconsin Economic Development Corporation (WEDC), which will offer up to $4.5 million in performance-based Enterprise Zone tax credits. This investment is aligned with Milwaukee Tool’s long-term strategy to bolster its operational capabilities and workforce.
Milwaukee Tool recently acquired the site, a former office space for Strong Funds, for $6.7 million at the end of 2022. The company currently operates three other facilities in Menomonee Falls that encompass an event space, video/photo studio, advanced testing facility, and locations for IT and finance.
Since 2016, the WEDC has authorized over $75 million in tax credits to support Milwaukee Tool’s expansion efforts. The company has already invested more than $420 million in capital expenditures, resulting in a workforce increase from 900 employees in 2016 to over 4,000 currently.
Milwaukee Tool has established research, development, and manufacturing operations across several Wisconsin cities, including Brookfield, Milwaukee, West Bend, Mukwonago, and Sun Prairie. The company’s Chief Financial Officer noted that this latest investment will play a crucial role in enhancing its ability to innovate and maintain leadership in manufacturing from Wisconsin.
Governor Tony Evers has recognized Milwaukee Tool as a notable success story and an essential economic powerhouse within the state. Community members in Menomonee Falls have expressed enthusiasm over the expansion and its potential impact on local traffic and businesses, indicating a positive reception of the project.
As demand for Milwaukee Tool’s products grows, the expansion in Menomonee Falls illustrates the company’s commitment to not only increasing production capabilities but also to strengthening the local economy through job creation. The new facility is anticipated to further establish Milwaukee Tool as a leader in the manufacturing sector while also fostering local development and economic growth.
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Additional Resources
- Fox 6 Now
- Wikipedia: Menomonee Falls, Wisconsin
- Seehafer News
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- Biz Times
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- Daily Reporter
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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.
