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Enerpac announces new headquarters to boost Milwaukee economy

June 17, 2024 | Milwaukee , Milwaukee County, Wisconsin



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Enerpac announces new headquarters to boost Milwaukee economy
Enerpac Tool Group, a global manufacturing company with deep roots in Wisconsin, is set to relocate its headquarters to downtown Milwaukee, specifically to the ASQ Center, which will be renamed the Enerpac Center. The announcement was made by the company's president and CEO during a recent government meeting, where he highlighted the company's commitment to the local community and its significant economic contributions.

With nearly 500 employees in Wisconsin and a global workforce of 2,100, Enerpac generates approximately $600 million in annual revenue. The CEO emphasized the importance of the proposed deck addition to the building, which is designed to enhance the vibrant river walk corridor and activate the downtown area. He expressed confidence in the thoughtful design created by Rinka, the architectural firm involved, noting that it respects the building's historical context while allowing for future modifications if desired.

The proposed deck, measuring around 6,100 square feet, is expected to accommodate approximately 60 people at a time, with potential for future growth. The CEO argued that allowing such minimalistic design changes is crucial for preserving older buildings, preventing them from falling into disuse, and ensuring they remain viable in the face of newer developments.

In closing, Enerpac's leadership urged the commissioners to support the resolution for the deck addition, framing it as a demonstration of commitment not only to Enerpac but also to the broader manufacturing industry in Milwaukee. The meeting concluded with an invitation for further questions regarding the design and capacity of the new headquarters.

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Scribe from Workplace AI
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