GREENWOOD — A leading manufacturer for power tools announced it plans to build a new service hub in Greenwood.
"Milwaukee Tool" projects to bring more than 450 new jobs to the Greenwood area by the end of 2025 with its newest facility.
The Wisconsin-based company plans to invest $6.75 million into the new tool service hub. The company is leasing a 150,000-square-foot facility on Southtech Drive that will house tool repair and warehousing space.
The Greenwood hub is expected to start operating as soon as March 2021. The company is currently hiring for management and operational roles at the service hub.
"Milwaukee Tool joins FedEx, Pitney Bowes, Amazon, Nestle Water, ULTA Beauty and several other prominent companies who have chosen Greenwood during the past decade," Greenwood Mayor Mark Myers said. "Greenwood’s economy is strong and growing steadily. Our quality of life improvements, low tax rates, and financial stability continue to attract prestigious companies to our city.
Those interested in learning more or applying can visit milwaukeetool.jobs.
At the time of this report, Milwaukee Tool's new service hub is pending approval by the Indiana Economic Development Corporation (IEDC) board of directors. The board does report plans of offering the Milwaukee Electric Tool Corporation up to $4.5 million in conditional tax credits and $500,000 in training grants based on the company’s plans to create up to 481 new Hoosier jobs. According to IEDC, these tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
Milwaukee Tool employs nearly 5,000 in both Wisconsin and Mississippi.