Milwaukee Tool Plans to Create 500 Jobs
Milwaukee Electric Tool Company announced on Thursday that the company wants to expand its headquarters.
The company was working with City of Brookfield, Milwaukee 7 and Wisconsin Economic Development Corporation officials on a proposed major expansion of their Brookfield Headquarters.
The project would lead to the retention of approximately 800 jobs in the current facilities and the creation of roughly 500 additional jobs in a planned 200,000 square foot office expansion at the Milwaukee Tool Headquarters’ campus.
Milwaukee Tool moved to Brookfield in 1965, and over the last 10 years has redeveloped 190,000 square feet of former manufacturing space to accommodate research and development, product development, proto-typing, packaging design, marketing, sales, training facilities, and administrative offices.
Milwaukee Tool has grown employment at its Brookfield campus from just over 300 jobs in 2011 to almost 800 this year. The company would purchase a 3.5 acre site across Lisbon Road from the current facilities for green space, parking, and potential longer term expansion. A 200,000 square foot, four story office building would be built on the campus, adjoined to the current main facility. Milwaukee Tool estimates that 300 new jobs would be added in the next 3 years, and 500 in the next five years. The majority of these new positions will be focused around engineering and marketing.
The City of Brookfield is proposing a Tax Increment Financing District which would provide $6 million in TIF assistance to project costs estimated at over $33 million.