Iconic Tools Known Around the World
Milwaukee Tool Corp. is an industry-leading manufacturer and marketer of heavy-duty, portable electric power tools and accessories for professional users worldwide. Founded in 1924, the Brookfield-based company currently employs approximately 1,000 people globally, and continues to set industry standards, targeting professional tool users of all types with a product line that includes more than 500 tools and over 3,500 accessories. Throughout its history, the company has maintained a steadfast commitment to quality, using state-of-the-art technologies and sophisticated manufacturing techniques.
Major Expansion Plans Take Shape in Wisconsin®
The company recently announced plans to embark on a 200,000-square-foot expansion of its headquarters, a project that is expected to create nearly 600 jobs in the next five years, making the company the largest employer in Brookfield. The expansion will include a new four-story office building connected to the current facility. Most of the new positions will focus on research and development within the company’s engineering and marketing departments.
Through the Wisconsin Economic Development Corporation’s (WEDC’s) Enterprise Zone Tax Credit Program, Milwaukee Tool will earn up to $18 million in performance-based state income tax credits over the next six years. The economic development effort was a collaboration between WEDC, the City of Brookfield and Milwaukee 7.
(May 2016)View more business growth success stories