Milwaukee Tool plans to invest $42 million to expand its facility in Menomonee Falls, Wisconsin, Gov. Tony Evers and the Wisconsin Economic Development Corporation (WEDC) announced.
The company originally purchased a 22-acre property at 100 Heritage Reserve in the Milwaukee suburb in 2024. Over the next several years, it expects the expansion to create approximately 300 jobs.
The tool maker is slated to receive an incentive package worth up to $4.5 million from the WEDC; the state's economic development agency began its partnership with Milwaukee Tool in 2016, which now includes over $75 million in Enterprise Zone tax credits.
Milwaukee Tool says it has invested more than $420 million in capital projects in the state and expanded its Wisconsin workforce from 900 employees in 2016 to more than 4,000.
The company has also established Wisconsin advanced research and development and manufacturing operations in Brookfield, Milwaukee, Menomonee Falls, West Bend, Mukwonago and Sun Prairie.
