Milwaukee Tool is expanding its footprint in Mississippi.
The company has announced the location of a third distribution center in Olive Branch to meet a need for increased distribution capacity. According to the Mississippi Development Authority, the $8.7 million corporate investment has created 100 new jobs in preparation for the distribution center’s opening this spring.
“Milwaukee Tool is a long-valued member of our state’s business community, continually investing capital and creating jobs for our great state,” Governor Tate Reeves said. “We are honored that they chose Mississippi for this major investment. The company’s decision to expand and build another distribution center in Olive Branch once again creates opportunities for continued economic growth and prosperity for DeSoto County, the local community and Milwaukee Tool’s 100 new employees and their families.”
The power tool manufacturer last expanded in Mississippi in 2017. At the time. the company announced a $33.4 million investment which created 660 new jobs among its three Mississippi locations: 60 new jobs in Jackson, 300 in Greenwood and 300 in Olive Branch.
“As we grow, it is important to do our due diligence and look at all options for expansion,” said Ty Staviski, CFO of Milwaukee Tool. “We are grateful for all the state and local authorities have done to help make staying in Mississippi a financially viable decision.”
The Mississippi Development Authority is providing assistance for equipment relocation and installation. MDA also has approved the company for the Advantage Jobs Rebate program, which provides a rebate to eligible businesses that create new jobs that exceed the average annual wage of the state or the county in which the company locates or expands.
“Milwaukee Tool’s investment in a new distribution center and the creation of 100 additional jobs speak volumes about North Mississippi’s ideal transportation network, strong business environment and dedicated workforce,” said MDA Deputy Director Mike McGrevey.
The city of Olive Branch and DeSoto County will offer partial property tax exemptions.