Milwaukee Electric Tool Adding Jobs In Wisconsin
At a time when most power tools are made outside of the U.S., and a time when jobs are hard to find, it is good news to hear that Milwaukee Electric Tool could be adding up to 103 new jobs to their research and development center in Brookfield, WI. It turns out this expansion is due to $1.5 million in economic development tax credits that MET is eligible for, as well as a $250,000 loan to improve the facility.
Milwaukee Tool has already started on the remodeling and expansion needs at the facility, and some of the 103 employes have already been hired. The remaining employes are expected to be hired over the next three years. The total amount of tax credits that Milwaukee could receive is directly based on the number of job that are actually created, so that is just over $14,500 in state tax credits per job.