News

Governor Scott Walker announced today that the Wisconsin Economic Development Corporation (WEDC) is providing Milwaukee Tool Co. with $8 million in state tax credits to support the company’s plans to build a $32 million R&D facility in Brookfield – a project expected to create 350 new jobs.

“A little more than two years ago, Milwaukee Tool announced the expansion of their headquarters creating nearly 600 jobs in Brookfield, and now we are here today to announce yet another expansion that will create 350 more jobs,” said Governor Walker, who joined company officials in a ceremonial groundbreaking event at the company’s headquarters. “As a global manufacturer, Milwaukee Tool had other options for its latest expansion, but chose Wisconsin because of our dedicated workforce and strong business climate. Thank you to Milwaukee Tool for their continued commitment to creating jobs, contributing to our economy, and growing in our state.”

Milwaukee Tool has purchased a 3.5-acre site near its current facility that will house an advanced manufacturing research and development facility and office space. The 114,500-square foot, multi-story building starts construction in Q3 and is expected to be completed by Q4 of 2019, bringing their global headquarter space from 390,000 square feet to an approximate 504,500 square feet.

The company plans to create 350 jobs at the facility over the next five years – primarily engineering and software positions with an annual average salary of $75,000.

“When you look at the growth our company has achieved in the last decade, the catalyst for our success has been our people. The drive, determination, and obsession of our employees has enabled us to continue delivering disruptive innovation for the professional trades and our distribution partners,” said Steve Richman, Milwaukee Tool Group President. “We are proud to partner with the State of Wisconsin to grow a world-class work environment that will continue to attract, retain, and recruit the best talent in the world.”

In 2016, WEDC awarded Milwaukee Tool up to $18 million in performance-based state income tax credits for a 200,000-square-foot expansion of its corporate headquarters in Brookfield expected to create about 600 jobs. To ensure the latest expansion would occur in Wisconsin, WEDC amended its contract with Milwaukee Tool to provide an additional $8 million in tax credits.

As a result, the company has agreed to create 942 new jobs, retain its existing jobs, and make $67 million in capital investments through 2022. The actual amount of tax credits the company will receive is contingent upon the number of jobs created and retained, and the amount of capital investment made through 2022.

In addition to the creation of 350 jobs at Milwaukee Tool’s Brookfield headquarters, an economic modeling study estimates the project could indirectly generate 690 additional jobs in the region. Those 1,040 new jobs are expected to generate about $13 million in state income tax revenue over a five-year period.

The construction phase of the project could directly support an additional 160 jobs and 100 indirect jobs.

The City of Brookfield is also supporting the expansion of the city’s largest employer by providing $3.5 million in Tax Increment Financing assistance to help offset the project costs.

“We thank Milwaukee Tool for its continued expansion in the City of Brookfield,” said Brookfield Mayor Steven Ponto. “We value Milwaukee Tool as a great corporate citizen and the jobs that are being created are high level, family supporting jobs which benefit our city and the metropolitan area.”

The Milwaukee 7 Regional Economic Development Organization also worked with the company to ensure the expansion took place in the region.

“We’re delighted that Milwaukee Tool has selected southeastern Wisconsin for yet another significant expansion,” said Gale Klappa, co-chair of Milwaukee 7 and chairman and CEO of WEC Energy Group. “The company’s decision to again invest here highlights how attractive the Milwaukee region is to global companies that require skilled knowledge workers. We’re attracting corporate investment at a pace unprecedented in Wisconsin history.”

Milwaukee Tool purchased the 3.5-acre parcel north of Lisbon Road from Wangard, the developer of the Eastgate Business Center. Wangard will be Milwaukee Tool’s lead development and construction management consultant.

To read the full press release as issued by the Governor, please visit this page.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Milwaukee, WI – Wangard Partners, Inc. (WPI) has announced that Avenir Apartments in Downtown Milwaukee has earned the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® certification for superior energy performance. This is the second year that Avenir Apartments has earned the ENERGY STAR, reflecting a legacy of continued energy savings.

“Improving the energy efficiency of our nation’s buildings is critical to protecting our environment, “said Jean Lupinacci, Chief of the ENERGY STAR Commercial & Industrial Branch. “From the boiler room to the board room, organizations are leading the way by making their buildings more efficient and earning EPA’s ENERGY STAR certification.”

ENERGY STAR certified buildings and plants are verified to perform in the top 25 percent of buildings nationwide, based on weather-normalized source energy use that takes into account occupancy, hours of operation, and other key metrics. ENERGY STAR is the only energy efficiency certification in the United States that is based on actual, verified energy performance.

“We’re honored to earn the ENERGY STAR for superior energy performance at Avenir Apartments and appreciate the efforts of everyone who has been involved in its efficient operation,” said Stu Wangard, CEO and Chairman of Wangard Partners. “Saving energy is just one of the ways we show our community we care, and that we’re committed to doing our part to protect the environment and public health, both today and for future generations.”

On average, ENERGY STAR certified buildings and plants use 35 percent less energy, cause 35 percent fewer greenhouse gas emissions, and are less expensive to operate than their peers—all without sacrifices in performance or comfort.
To date, tens of thousands of buildings and plants across all fifty states have earned the ENERGY STAR. For more information about ENERGY STAR for Buildings and Plants, visit www.energystar.gov/buildings.

 

Wangard Partners, Inc., (Wangard) and Hunzinger Construction Company (Hunzinger) are breaking ground on a 200,000 SF, one-story industrial/distribution center building in the Village of Pleasant Prairie.

Wangard and Hunzinger have worked on many construction projects together. Wangard acquired land next to a parcel that Hunzinger already owned, to construct the new development. Lee & Associates brokered the land deal.

“We like the strength of the market from the Illinois border up to Milwaukee,” stated Stu Wangard, CEO and Chairman at Wangard Partners, Inc. “We identified Kenosha and Racine County as a growth market before Foxconn went public and we’re seeing users coming from outside of the market. Now that the Foxconn deal is finalized we expect to be able to meet the needs of many suppliers quickly. There’s tremendous need for housing and distribution in this area and we’ve had strong interest in both thus far.”

This new 200,000 SF, one-story facility will feature a precast and steel superstructure with 32-foot-high panels to allow maximum flexibility for manufacturing or long-term storage and distribution needs. It will be one the few buildings in the area to be LEED certified. The building is expected to be completed before the end of the year. “We recently completed construction of a major distribution center in the area and having built in the Lakeview Corporate Park before, I know that this new building will be filling a need in the quickly developing Wisconnvalley”, stated John Hunzinger, President and CEO of Hunzinger Construction Company. “Our joint venture teams one of the area’s most innovative developers with Hunzinger’s 111 years of building experience. Together, we are offering a much-needed premium building.”

Hunzinger served as the Construction Manager for the new 900,000 square foot Uline I6 Branch Distribution Facility located at 12355 Uline Way in Kenosha and constructed the Liberty Property Trust 240,000 square foot distribution warehouse facility in the Lakeview Industrial Park.

Hunzinger is serving as the Construction Manager for the 800,000-square foot Uline W5 Distribution Center in Kenosha which is currently in preconstruction.

THE AREA IS SEEING EXPLOSIVE GROWTH

In the last several years, the southeastern area along Interstate 94 has attracted over $1 billion of new development, another $10 billion of new development starts this week.

Such household names as Amazon have developed major facilities along the route.

U-Line, a major distributor of shipping materials, has constructed two major office buildings and numerous distribution facilities all in close proximity to the new development by Wangard and Hunzinger.

Haribo, the German company known for Gummy Bears, is building a $250 million food plant to expand its beachhead in the United States. Over 1,300 people will be employed in the new facility.

This week, FoxConn is breaking ground on a 22 million-square-foot flat-panel plant. The plant represents a major investment for the Taiwanese based company. Over 13,000 direct jobs are expected at the new $10 billion plant. The State of Wisconsin is investing $3 billion towards the plant and area infrastructure. Once completed, I-94 will be an eight-lane road between the Illinois-Wisconsin border and General Mitchell International Airport (MKE). Many of the improvements will be leading-edge and are designed to embrace technology only recently introduced to transportation.

Aurora Health Care and Advocate Healthcare recently completed a merger of two of the leading health systems in Illinois and Wisconsin. Immediately after the merger, they announced the planned construction of two additional facilities in the immediate area, a combined investment of over $500 million.

Both Wangard and Hunzinger have numerous initiatives ongoing in the area. Wangard, along with other partners, will be investing over $200 million into the corridor.