(The Center Square) – Milwaukee Tool will receive a $4.5 million tax credit for an expansion with a new facility in Menomonee Falls.
The $4.5 million brings the total to $75 million in Enterprise Zone tax credits that Milwaukee Tool has received from the Wisconsin Economic Development Corp. since 2016.
The new $42 million facility will be on a 22-acre property at 100 Heritage Reserve that was purchased by the company last year.
“Milwaukee Tool is a Wisconsin success story and an economic powerhouse for the Milwaukee region and the entire state,” said WEDC Secretary and CEO Missy Hughes said in a statement. “We are pleased to be able to assist the company as it continues to grow in Wisconsin by leaps and bounds.”
Milwaukee Tool said the expansion will include 300 new employees. The company currently has more than 4,000 employees in Wisconsin after having 900 employees in the state in 2016.
Milwaukee Tool was founded in 1924 in Milwaukee. It now has research and development and manufacturing operations in Milwaukee, Menomonee Falls, West Bend, Mukwonago and Sun Prairie with its headquarters in Brookfield.
