/Done deal: Milwaukee Tool to bring up to 2,000 jobs downtown – WISN Milwaukee

Done deal: Milwaukee Tool to bring up to 2,000 jobs downtown – WISN Milwaukee


CAROLINE: THAT’S RIGHT. THE CITY WOULD BE COVERING ITS EXPENSES THROUGH TAX INCREMENTAL FINANCING. THIS WOULD BE AN EXPANSION PROJECT FOR MILWAUKEE TOOL. THE BUILDING BEHIND ME SAT VACANT FOR YEARS, AND MOST RECENTLY, IT WAS WHERE BALLOTS WERE COUNTED FOR THE GENERAL ELECTION. MILWAUKEE TOOL PRODUCTS ARE ALL OVER THE CITY IN STORES LIKE BLIFFERT LUMBER IN RIVERWEST. BUT THE COMPANY ITSELF HASN’T BEEN LOCATED IN MILWAUKEE SINCE ITS HEADQUARTERS MOVED TO BROOKFIELD IN 1965. NOW, A TENTATIVE DEAL BETWEEN THE RAPIDLY GROWING COMPANY AND THE CITY COULD CHANGE THAT. >> BEING DOWNTOWN IS AN ATTRACTION THAT SIMPLY JUST ISN’T THE SAME AS THE SUBURBS. ESPECIALLY FOR YOUNGER EMPLOYEES. AND IT’S A COMPANY THAT WANTS TO ATTRACT A MORE DIVERSE WORKFORCE AND BEING IN THE CITY HELPS THEM ACCOMPLISH THAT AS WELL. CAROLINE: THE DEAL IS THE CITY WOULD PROVIDE UP TO $20 MILLION IN TAX BREAKS FOR MILWAUKEE TOOL TO RENOVATE THE VACANT BUILDING AT 5TH AND MICHIGAN, AND BRING IN UP TO 2000 JOBS. A LOT OF THE JOBS WILL BE HIGH PAYING ENGINEERING POSITIONS AT AN AVERAGE OF $75,000 A YEAR. BUT THE CITY HAS ALSO NEGOTIATED A $15 AN HOUR GUARANTEE FOR JANITORIAL AND WAIT STAFF. >> MILWAUKEE TOOL RIGHT NOW IS THE MOST EXCITING COMPANY IN SOUTHEASTERN WISCONSIN. THE GROWTH THEY’RE EXPERIENCING IS SUBSTANTIAL, IS PHENOMENAL, QUITE HONESTLY. CAROLINE: MAYOR BARRETT SAYS THIS WOULD BE THE LARGEST INFUSION OF JOBS THE CITY HAS SEEN IN DECADES. >> I THINK MANY PEOPLE ARE IS WHAT OUR OFFICE IS GOING TO LOOK LIKE POST-PANDEMIC? THIS MAJOR COMPANY SAYING WE WANT TO HAVE OFFICES FOR PEOPLE, WE WANT TO HAVE PLACES FOR PEOPLE TO COME TO THE CITY OF MILWAUKEE TO WORK, I THINK AGAIN IT’S A GREAT SHOT IN THE ARM FOR THE CITY. JOYCE: OK, SO THE MAYOR BACKS IT, BUT THERE WILL BE A MEETING NEXT MONTH. WHAT ELSE ARE THEY CONSIDERING WITH THIS PLAN? CAROLINE: MILWAUKEE TOOL WOULD HAVE TO PROVIDE A REGULAR JOBS REPORT TO THE CITY. ONE ALDERWOMAN CALLED ON THE COMPANY TO ALSO INCLUDE THE RACE, GENDER AND RESIDENCY OF THOSE HIRED EMPLOYEES, AS WELL AS THE SERVICE SECTOR THOSE JOBS CATER

Done deal: Milwaukee Tool to bring up to 2,000 jobs downtown

Milwaukee Common Council approves expansion

As many as 2,000 new jobs are heading to downtown Milwaukee.The Milwaukee Common Council on Tuesday unanimously approved an incentive deal that would allow Milwaukee Tool to expand its corporate headquarters to downtown.The Brookfield-based tool manufacturer would take over the former Assurant building at Fifth and Michigan streets.”By extending our corporate presence into downtown Milwaukee, we are poised for continued growth. As one of the largest employers in Southeastern Wisconsin, we’re thrilled to expand our presence in the city, as we continue to attract, retain, and recruit from a diverse pool of local talent,” Milwaukee Tool Group President Steve Richman said in a news release.Anticipated to open in October, this building will house at least 1,210 employees within the next three years. The company has the option to expand the office space by adding 150,000-square-feet for up to an additional 790 employees.The deal will provide up to $20 million for building renovations.”Milwaukee Tool is growing, and I am very pleased our city is part of that growth,” Milwaukee Mayor Tom Barrett said in a news release. “The investments coming to West Michigan Avenue are notable, and the jobs Milwaukee Tool is adding to the center of our community are outstanding.

As many as 2,000 new jobs are heading to downtown Milwaukee.

The Milwaukee Common Council on Tuesday unanimously approved an incentive deal that would allow Milwaukee Tool to expand its corporate headquarters to downtown.

The Brookfield-based tool manufacturer would take over the former Assurant building at Fifth and Michigan streets.

“By extending our corporate presence into downtown Milwaukee, we are poised for continued growth. As one of the largest employers in Southeastern Wisconsin, we’re thrilled to expand our presence in the city, as we continue to attract, retain, and recruit from a diverse pool of local talent,” Milwaukee Tool Group President Steve Richman said in a news release.

Anticipated to open in October, this building will house at least 1,210 employees within the next three years.

The company has the option to expand the office space by adding 150,000-square-feet for up to an additional 790 employees.

The deal will provide up to $20 million for building renovations.

“Milwaukee Tool is growing, and I am very pleased our city is part of that growth,” Milwaukee Mayor Tom Barrett said in a news release. “The investments coming to West Michigan Avenue are notable, and the jobs Milwaukee Tool is adding to the center of our community are outstanding.

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