Gov. Tony Evers and the Wisconsin Economic Development Corp. (WEDC) on Thursday announced that Milwaukee Tool is further expanding its footprint in Wisconsin with a $42 million investment in its newest facility in Menomonee Falls, supported by up to $4.5 million in performance-based Enterprise Zone tax credits from WEDC.
The company announced its purchase of a 22-acre property at 100 Heritage Reserve late last year. Over the next several years, the expansion is expected to create approximately 300 new high-skill jobs.
Since its partnership began with Milwaukee Tool in 2016, WEDC has authorized more than $75 million in Enterprise Zone tax credits to support the company’s growth.
In return, Milwaukee Tool has invested more than $420 million in capital expenditures and expanded its Wisconsin workforce by over four times, from 900 employees in 2016 to more than 4,000 currently.
The company also has established advanced research and development and manufacturing operations in Brookfield, Milwaukee, Menomonee Falls, West Bend, Mukwonago and Sun Prairie.
