Milwaukee Tool’s global headquarters campus in Brookfield soon will boast a 3.5-acre, $32 million research and development (R&D) facility.
The expansion is expected to create 350 jobs and is part of an ongoing expansion of the company’s Wisconsin operations. Milwaukee Tool, which makes a broad range of heavy-duty power tools and lighting products for consumer and professional construction, will receive $8 million in performance-based state tax credits from WEDC to support the project. When completed in late 2019, the 114,500-square-foot building will house Milwaukee Tool’s advanced manufacturing, engineering, and global R&D center.
Milwaukee Tool was founded in 1924, moved from Milwaukee to Brookfield in 1965 and is the only power-tool company that has maintained a manufacturing presence within the U.S. Techtronic Industries, its Hong Kong-based parent company, sells its products all over the world and reported sales of $6.1 billion in 2017. North America makes up the largest geographic portion of its business, and sales in this region grew by more than 20 percent in 2017.
The latest expansion will bring the company’s global headquarters footprint up to 504,500 square feet, and the engineering jobs it will create are expected to have an average annual salary of $75,000. This project comes on the heels of a previous expansion approved in 2016 that will result in 942 new jobs, in addition to the jobs that will be created with the current expansion.
The City of Brookfield also supported the latest expansion of its largest employer by providing $3.5 million in tax increment financing assistance to help offset project costs. In addition, the Milwaukee 7 Regional Economic Development Partnership collaborated to ensure the Brookfield location was chosen for the current project.
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