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A rapidly growing power tool manufacturer plans to create around 1,000 additional jobs in its home country.
Milwaukee Tool will spend more than $200 million over the next three years to expand its operations in southern and southeastern Wisconsin, state officials announced. Many of the new jobs will be in engineering and technical roles to bolster the advanced technological capabilities of its tools. The projects will also add new equipment, invest in infrastructure and expand its research and development capabilities, company officials said.
The company plans to add jobs at its Brookfield headquarters, as well as in Milwaukee, suburban Menomonee Falls, Mukwonago and West Bend, and suburban Madison in Sun Prairie. Recruitment is already underway.
“Our people are key to our success,” Milwaukee Tool chief financial officer Ty Staviski said in a statement. “We look forward to introducing 1,000 more people to the incredible culture we have created at our world-class facilities.”
The Wisconsin Economic Development Agency will provide up to $22.5 million in tax credits to support the latest expansion. The state and the company initially reached an agreement on an Enterprise Zone incentive package in 2016, which could now reach more than $70 million provided Milwaukee Tool meets its capital investment goals. capital and job creation.
The company has invested more than $233 million and created 2,289 jobs in the state through the end of 2021; it now employs more than 3,600 people in Wisconsin and more than 10,000 workers in the United States
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