More corporate expansion at Milwaukee Tool
Milwaukee Tool is on the precipice of another expansion project at its Brookfield, Wis. headquarters.
The company has planned a new 114,500 square-foot, multi-story building that would be placed on an existing 3.5 acre lot owned by the power tool manufacturer. The move would bring the company’s global headquarter space from 190,000 square feet to a proposed total of 504,000 square feet.
In recent years Milwaukee Tool has been vibrantly expanding its Brookfield headquarters with more than 300 jobs added in 2011 and nearly 1,300 positions this year. The latest announced expansion would create another 350 positions in the next 5 years with an average annual salary of $75,000.
“We must grow or die. We are committed to delivering a world-class work environment to attract, retain, and recruit the best talent in the world.” said Steve Richman, Milwaukee Tool Group president. “This investment is necessary for Milwaukee Tool to continue to deliver disruptive innovation and deliver on our commitment to users and distribution partners in driving productivity on the jobsite.”
The City of Brookfield is proposing a Tax Increment Financing (TIF) district, which would provide $3.5 million in TIF assistance to project costs estimated at over $32 million. The Wisconsin Economic Development Corporation is also working with Milwaukee Tool on possible incentives for the project.
This past December, Milwaukee Tool announced that it was expanding operations at three Mississippi locations, investing $33.4 million and creating 660 jobs.
