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Menomonee Falls Business and Industry

Proud Work Ethic

With newly opened Westbrook Corporate Park adding space availability to existing industrial parks and industrial areas in Menomonee Falls, businesses and industries are turning their attention to the community’s many enviable assets.

The corporate headquarters of Kohl’s Department Stores is the centerpiece of the Silver Spring Corporate Park. The park incorporates 162 build-able acres, plus several wooded areas and wetlands.

Wells Fargo and Co. is developing areas of its scenic campus to attract other high-level corporations. Harley Davidson’s Power Train facility is located in Menomonee Falls, as well as Cousins Subs corporate offices. In all, the community has more than 3,100 acres devoted to business and industry. Additional business parks are under consideration.

More than 250 traditional and high-tech manufacturing firms and related businesses call The Falls home. They produce everything from robotic systems and medical instruments to oxygen sensors, atmosphere control systems, computer furniture, printed circuit boards and a variety of metal and plastic products. A wide range of banking and financial services, including the largest capital management firm in the state, serve Menomonee Falls.

The Falls offers special low-interest loans designed to attract new business and expand facilities of existing firms. The Village’s economic development loan funds are available to assist businesses seeking to start-up, relocate or expand in The Falls.

Menomonee Falls as a Business Location
Primary comparative advantages include the following: accessibility to key transportation links and a central location within the Milwaukee region; lower property taxes than prevailing locations in nearby communities; labor accessibility through a wide commute-shed and proximity to a diverse set of housing options; a safe and secure location with excellent municipal services; a location in part of the region that is experiencing population and housing growth that represents both a source of labor, as well as demand for goods and services; high quality office parks; and agglomeration advantages for industrial space users with linkages to suppliers and customers and a large pool of trained labor.

Employment
Employment in Menomonee Falls has remained relatively stable from 2001 through 2005 at approximately 28,000 jobs. Services sector employment increased at a high rate due mainly to fast growth in the professional and business services sectors and the educational and healthcare sectors, which together comprise about 80 percent of service sector employment. Services sector employment in Menomonee Falls has grown much faster than for Waukesha County overall.

Employment in the retail trade sector in Menomonee Falls has grown quickly since 2001. Wholesale trade employment has experienced variances but also an increase in employment. Construction employment decreased between 2001 and 2003 but increased to its peak employment in 2005.

Total employment in Menomonee Falls from 1998 to 2000 grew very fast at about five percent annually, or over 1,200 jobs per year. The fastest growing sector was finance, insurance and real estate.

A recent employment forecast estimates about 7,550 total added jobs between 2005 and 2020. This equates to an average annual growth rate of 1.64 percent, or an average of 503 jobs per year. Economic sectors associated with office-space consumption, some services and finance, insurance and real estate are forecast to approximate 320 jobs per year between 2005 and 2020. This equates to a growth rate of 2.5 percent for the services sector and 1.25 percent for the finance, insurance and real estate sector, or 66 percent of total net job growth. The estimated construction and resources employment is at one percent. Employment in manufacturing, wholesale trade and transportation, utilities and information is forecast to increase on average by 81 jobs per year or about 16 percent of total job growth.

Forecast Building Space Demand
Between 2005 and 2020, approximately 3,950 office-space-using workers are estimated to be added to the employment base of Menomonee Falls. This forecast employment growth is estimated to result in average annual demand of about 62,000 square feet of space for a total of approximately 934,000 square feet of office space over the next 15 years.

Between 2005 and 2020, approximately 1,333 industrial space-using workers are forecast to be added in Menomonee Falls. This employment is estimated to result in total space demand of 1,953,000 square feet for manufacturing and distribution facilities. Of this total, approximately 1,220,000 million square feet of space demand is likely to be for distribution uses and 733,000 square feet of space is likely to be for manufacturing uses. This long-term forecast equates to average annual demand of 130,000 square feet of industrial space.

SCORE (Senior Core of Retired Entrepreneurs) offers free consultation services hosted and sponsored by the Menomonee Falls Community Chamber. These services are targeted to new start-ups and existing businesses looking for help with anything from business plans to marketing strategies. Contact the Chamber office for more information at 262-251-2430.

The Menomonee Falls Community Chamber, Village government and local educational institutions all work in harmony toward economic growth and community betterment.