Milwaukee Tool plans $42M expansion in Menomonee Falls

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Milwaukee Tool will invest $42 million in its Menomonee Falls facility, a move officials said will create 300 jobs.

The state will support the company’s growth with $4.5 million in performance-based Enterprise Zone tax credits from the Wisconsin Economic Development Corporation, Gov. Tony Evers‘ office announced on Thursday.

“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,” Evers said in a statement. “I want to thank Milwaukee Tool’s leadership for their continuing commitment to our state, our workers, and our communities as we continue to work together to build a 21st-century workforce and economy for our state.”

The company bought a 22-acre property at 100 Heritage Reserve in late 2024. The address was formerly home to Allspring Global Investments.

The expansion is expected to create 300 high skill jobs over the next several years, state officials said.
“Milwaukee Tool is a Wisconsin success story and an economic powerhouse for the Milwaukee region and the entire state,” said Missy Hughes, secretary and CEO of WEDC, in a statement. “We are pleased to be able to assist the company as it continues to grow in Wisconsin by leaps and bounds.”

Since 2016, WEDC has authorized more than $75 million in Enterprise Zone tax credits to Milwaukee Tool. In 2022, WEDC awarded $22.5 million in tax credits to Milwaukee Tool to build its headquarters in downtown Milwaukee, racking up a $70.5 million total state investment in the company. This was the second largest state tax credit award to a private company to date.

In return, Milwaukee Tool invested more than $420 million in capital expenditures and expanded its state workforce more than four times, from 900 employees in 2016 to more than 4,000 now, officials said. The company has advanced research, development and manufacturing operations in Brookfield, Milwaukee, Menomonee Falls, West Bend, Mukwonago and Sun Prairie.

“We’re grateful for WEDC’s continued support as we expand in Menomonee Falls. This investment isn’t just about adding jobs—it’s about strengthening our ability to innovate, grow, and lead from right here in Wisconsin,” said Christine Delisle, chief financial officer at Milwaukee Tool, in a statement. “Our team is proud to continue building the future of manufacturing in a state that’s been central to our story for over a century.”

In August, the state announced $100 million in performance-based tax credits for Eli Lilly and Co., which announced a $3 billion expansion of its pharmaceutical manufacturing center in Kenosha County. That expansion is expected to create 750 jobs, according to state officials.