Manpower headquarters moving to downtown Milwaukee

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Mayor Tom Barrett announced that Manpower Inc. will move and grow its world
headquarters in downtown Milwaukee.

The relocation would bring 900 jobs
into the city and position the company to potentially add as many as 300 new jobs
to their corporate offices in the future. The proposed site of the new facility
would be constructed just north of the Time Warner headquarters, along the Milwaukee
River south of Cherry Street.

“I am proud to welcome another world
leader and Fortune 500 company to the thriving downtown of Milwaukee,” said
Barrett. “This is an opportunity to help Manpower grow and prosper, just
as its move will make a tremendous economic impact upon our neighborhoods and
city. Manpower is a leader in work-force development and has a commitment to moving
people forward with job skills, training and mentoring. I believe the company’s
move will be a boon for Milwaukee residents.”

The site of the future
Manpower Inc. world headquarters will be redeveloped to include new construction,
a parking structure and a public plaza opening onto what will be another extension
of the Milwaukee Riverwalk. Development will also include historic renovation
of the North Powerhouse on the site. In total, the project will cost $87 million.
The site is currently within a tax incremental financing district, which Barrett
proposes amending to help finance the public infrastructure associated with the
project. In total, city assistance will total $25 million, with the funds being
repaid by the TIF over time.

The proposal to use the tax incremental financing
tool to help prepare the site for the relocation will require approval by the
Redevelopment Authority, Common Council and Joint Review Board.

Barrett
said use of the economic development tool, TIF financing, will create waves of
economic impact throughout the city as a sizeable work force will eat, shop and
recreate in the neighborhoods.