Milwaukee Tool to Invest $42M in Menomonee Falls Expansion, Creating 300 Jobs

Milwaukee Tool will invest $42 million in Menomonee Falls, Wisconsin, creating 300 jobs with state support through Enterprise Zone tax credits.

Key Points at a Glance

• Milwaukee Tool committing $42 million to Menomonee Falls facility expansion.

• Investment expected to generate 300 new high-skill jobs.

• Wisconsin supporting growth with $4.5 million in performance-based tax credits.

• Company purchased a 22-acre property at 100 Heritage Reserve in late 2024.

• Workforce has grown from 900 in 2016 to over 4,000 today.

• Milwaukee Tool invested $420 million+ in Wisconsin facilities since 2016.

Major Expansion Announced in Wisconsin

MENOMONEE FALLS, Wis. — Milwaukee Tool is moving forward with a significant $42 million investment in its Menomonee Falls operations, a project state officials confirmed will result in the creation of 300 additional jobs over the coming years.

Governor Tony Evers announced Thursday that the Wisconsin Economic Development Corporation (WEDC) will back the expansion with $4.5 million in performance-based Enterprise Zone tax credits.

Leaders Highlight Growth and Commitment

In a public statement, Evers praised the company’s role in shaping Wisconsin’s economy:

“Milwaukee Tool continues to exemplify the innovation, excellence, and quality that Wisconsin is known for, and we are glad to be ensuring their continued growth and success in our state,” he said.

He also expressed gratitude to the company’s leadership for their ongoing investment in Wisconsin’s workforce and communities.

The company’s new location sits on a 22-acre property at 100 Heritage Reserve, previously occupied by Allspring Global Investments.

Economic Impact and Job Creation

State officials noted the planned expansion will add 300 high-skill positions over several years. Missy Hughes, WEDC Secretary and CEO, described Milwaukee Tool as an “economic powerhouse” in Wisconsin and emphasized the state’s support in fueling its continued success.

Since 2016, WEDC has authorized more than $75 million in tax credits for Milwaukee Tool, including $22.5 million in 2022 for its downtown Milwaukee headquarters project. This brings the total state investment in the company to $70.5 million, making it the second-largest tax credit package awarded to a private firm.

Company Growth Over the Years

In return for state support, Milwaukee Tool has delivered more than $420 million in capital investments while dramatically expanding its workforce from 900 employees in 2016 to more than 4,000 today.

Its research, development, and manufacturing operations now span multiple Wisconsin cities including Brookfield, Milwaukee, Menomonee Falls, West Bend, Mukwonago, and Sun Prairie.

Company CFO Christine Delisle underscored the broader purpose of the Menomonee Falls investment:

“This investment isn’t just about adding jobs — it’s about strengthening our ability to innovate, grow, and lead from right here in Wisconsin,” she said.

Broader Context in State Investments

The Milwaukee Tool project follows a major announcement in August when Wisconsin committed $100 million in tax credits to Eli Lilly and Co. for a $3 billion pharmaceutical manufacturing expansion in Kenosha County, which is projected to create 750 jobs.

With this latest expansion, Milwaukee Tool reinforces its century-long presence in Wisconsin while boosting local employment and manufacturing strength.