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Milwaukee Tool Plans Expansion of Headquarters

With a planned total investment of $32 million, Milwaukee Tool is proposing a major expansion at their global new product development center in Brookfield, Wisconsin.

The company says a 114,500-square-foot, multi-story building would be built on an existing 3.5-acre lot owned by Milwaukee Tool, bringing its global headquarter space from 190,000 square feet, originally, to a proposed total of 504,500 square feet.

Over the last several years, Milwaukee Tool says it has experienced rapid growth, expanding employment at its Brookfield campus from just over 300 jobs in 2011 to almost 1,300 this year. This expansion would lead to the creation of 350 additional new jobs 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.” says 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.”

Milwaukee Tool is working with the City of Brookfield, Milwaukee 7, Wisconsin Economic Development Corporation, and Waukesha County Center for Growth officials on the proposed expansion.

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.

Milwaukee Tool says it is exploring other options for the needed office space to facilitate its continued growth, but would prefer to keep all of its product research, design, and development within the campus.

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