Home » NEWS » Economic Development » Milwaukee Tool to invest $33.4 million, create 660 jobs
null

Milwaukee Tool to invest $33.4 million, create 660 jobs

By JACK WEATHERLY

Milwaukee Tool is expanding operations at its three Mississippi locations, investing $33.4 million and creating 660 jobs over the next four years.

The Mississippi Development Authority is providing $15.35 million in grants.

The expansions are planned for the company’s plants in Jackson and Greenwood and its distribution center in Olive Branch.

Milwaukee Tool Group President Steve Richman said in a release that “Milwaukee Tool is dedicated to driving growth and creating new jobs in the United States.

“We currently employ over 3,000 people in the USA, more than 1,600 of which are in Mississippi. We are deeply committed to investing in our people as we continue to deliver [market] innovation and the highest quality products for our users and distribution partners.”

Milwaukee Tool is a Brookfield, Wis.-based subsidiary of Techtronic Industries Co. Ltd.

Gov. Phil Bryant said in the release issued Wednesday after the announcement at the Jackson facility: “Once again, Milwaukee Tool confirms its commitment to doing business in our state by growing its existing operations and providing hundreds of Mississippians with good, stable jobs.”

“The state values the partnership we share with Milwaukee Tool and is thrilled to play a role in the industry leader’s continued growth.”

Greenwood, which makes saw blades, is the big winner in terms of state help, with two grants totaling $9 million for public infrastructure improvements. The city will receive up to $5 million in loans to purchase a building and make parking improvements.

The Jackson plant, which makes power tools, will receive a grant of $1.5 million for building renovations and site improvements.

The Olive Branch distribution center will receive a $350,000 grant for building renovations and site improvements.

The agency will provide $1.5 million for each site for work-force training.

Milwaukee Tool will create the jobs to accommodate cordless power tool manufacturing, accessory manufacturing and additional distribution capacity.

“This is Milwaukee Tool’s fourth expansion in Mississippi since 2012,” MDA Executive Director Glenn McCullough Jr. said in the release.

“The company’s success demonstrates the state’s commitment to supporting our corporate partners through dedicated teamwork and providing a business environment that enables companies to achieve their goals in Mississippi.”

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Jack Weatherly

Leave a Reply

Your email address will not be published. Required fields are marked *

*