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With a planned total investment of $32 million, Milwaukee Tool is proposing another major expansion at its global new product development center in Brookfield, Wi.
A 114,500-sq. ft., multi-story building would be built on an existing 3.5 acres owned by Milwaukee Tool, expanding its headquarters space to a proposed total of 504,500 sq. ft.
Over the last several years, Milwaukee Tool 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 five years.
Milwaukee Tool is exploring its incentive options, including a proposed $3.5 million in Tax Increment Financing from the city of Brookfield.