News Summary
Milwaukee Tool is set to invest $42 million in a new facility in Menomonee Falls, creating 300 high-skill jobs. This expansion underscores the company’s growth in the manufacturing sector, supported by $4.5 million in tax credits from the Wisconsin Economic Development Corporation. With a history of innovation and substantial investment, Milwaukee Tool continues to establish itself as a key player in the region’s economy.
Menomonee Falls, Wisconsin — Milwaukee Tool has announced a significant expansion in Menomonee Falls with a $42 million investment that is expected to create approximately 300 new high-skill jobs over the next few years. This development marks the company’s ongoing commitment to growth and innovation in the manufacturing sector.
To support this expansion, Milwaukee Tool is receiving up to $4.5 million in performance-based Enterprise Zone tax credits from the Wisconsin Economic Development Corporation (WEDC). This financial assistance is a continuation of the decade-long partnership between the two entities, during which WEDC has already authorized more than $75 million in tax credits for Milwaukee Tool since 2016.
Milwaukee Tool purchased a 22-acre property located at 100 Heritage Reserve in Menomonee Falls late last year, where the new facility will be constructed. This expansion will complement Milwaukee Tool’s existing corporate facilities and operations, which have seen remarkable growth over the years.
Since 2016, Milwaukee Tool has invested more than $420 million in capital expenditures and has witnessed an impressive increase in its workforce in Wisconsin. The number of employees has surged from around 900 in 2016 to over 4,000 today. The company operates several advanced research, development, and manufacturing facilities across Wisconsin, including locations in Brookfield, Milwaukee, West Bend, and Sun Prairie.
Corporate Vision and Impact
The expansion into Menomonee Falls underscores Milwaukee Tool’s dedication to innovation and leadership in the construction manufacturing sector, particularly in the development of cordless power tools. The decision to invest in a new facility not only reflects the company’s strategic goals but also serves as a strong indicator of the positive business climate in Wisconsin.
Governor Tony Evers has emphasized the importance of Milwaukee Tool’s continued growth, highlighting its significant contribution to the state’s economy. The WEDC’s Secretary and CEO has referred to Milwaukee Tool as a “Wisconsin success story” and recognized its status as an economic powerhouse for the Milwaukee region. This positive endorsement is further supported by the Milwaukee 7 (M7) Regional Economic Partnership, which has expressed enthusiasm for this expansion as a clear sign of the region’s strong talent pipeline.
Historical Context
Milwaukee Tool was founded in Milwaukee in 1924 and has built a reputation for developing innovative solutions for construction trades worldwide. This foundational history has paved the way for the company’s current success and its role as a critical player in the manufacturing industry.
The newly announced investment reflects not only Milwaukee Tool’s commitment to enhancing its operations but also the broader economic trends in Wisconsin, as businesses increasingly recognize the benefits of growth in the region. This location’s well-established talent pool and favorable economic conditions create an attractive environment for continued business development.
In conclusion, the $42 million investment by Milwaukee Tool in Menomonee Falls signifies a substantial economic boost for the area, promising new job opportunities and reaffirming Wisconsin’s position as a hub for manufacturing innovation. The company’s focus on expanding its capabilities showcases its commitment to remaining a leader in the industry.
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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.
