Brookfield-based Milwaukee Tool on Thursday announced plans to create an additional 1,000 jobs in Wisconsin by 2027.

The company said it will invest more than $206 million in the state to expand its existing research and development facilities, address infrastructure needs and provide equipment at its nine locations across the state.

The Wisconsin Economic Development Corp. will assist the company’s expansion plans by providing an additional $22.5 million in tax credits, which will increase the state’s total investment in the company to $70.5 million. The actual amount of tax credits the company receives will depend on meeting the capital expenditure and job creation goals.

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