WI: Milwaukee Tool's New $100M Corporate Campus to Hire 770
14 Jul, 2020
Milwaukee Tool's $100 million corporate campus plan for Menomonee Falls, Wis., continues to move forward, as the planning commission recently unanimously approved an industrial use for the 120,000-square-foot building.
It will be a newly constructed building, said Matt Carran, the village's director of community development. Construction should begin this summer, he said.
This building is part of Milwaukee Tool's 700,000-square-foot facilities expansion on 71 acres. Milwaukee Tool estimates the campus would create roughly 770 jobs by 2025 in the village, according to village documents. Milwaukee Tool owns one existing building in the office park.
According to village documents, this building will be utilized as a national marketing space for product demonstration and ongoing testing of Milwaukee Tool products.
"Having a prestigious corporation with a successful brand image strengthens the attractiveness of the village for future development," Village President Dave Glasgow said after the meeting. "Developers and businesses are drawn to successful, attractive areas."
Milwaukee Tool will continue to have its headquarters in Brookfield.
Since 2016, Milwaukee Tool has pledged to create up to 1,812 new jobs, and invest $174.5 million in capital spending in Wisconsin, the Milwaukee Journal Sentinel reported in December. In return, the state will provide up to $46 million in tax creditsl.
Those new jobs will generate about $7.2 million annually in state income taxes, according to Wisconsin Economic Development Corp.'s estimates.
The WEDC this year agreed to provide up to $20 million of additional tax credits for 870 new jobs, and most of those will be created at the Menomonee Falls corporate campus, the Milwaukee Journal Sentinel reported.
"It allows them to expand their operations while remaining close to their Brookfield headquarters," Glasgow said. "For the village, it’s having a prestigious, well-known and highly admired corporation as a community partner."
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