JOBS FOR TODAY & TOMORROW
A hot economy driven by technology & financial services
► American Family moving 400 jobs to Downtown Milwaukee
► Foxconn breaks ground on new high-tech manufacturing campus
► Milwaukee Tool adding 800 jobs in Menomonee Falls in major expansion
► Amazon completing third distribution warehouse
Milwaukee has been a center of commerce since the Potawatomi Indians first settled along the shores of the Menomonee River and Lake Michigan hundreds of years ago. It was a leading Great Lakes port in the 1800s, the “Beer Capital of the World” and the “Toolbox of America” in the 1900s, and is now a global center for advanced manufacturing, electronic commerce, financial services, food and beverage producers, printing and green technologies. The region’s research facilities and manufacturing plants are now paving the way for new medical technologies, battery-powered cars and alternative power solutions. With the addition of Foxconn’s advanced LCD production facility and resulting spin-off industries, southeastern Wisconsin will maintain its reputation for innovation well into the 21st century. Similar innovation is occurring in the service sector. Southeastern Wisconsin is a leader in the development of financial services, logistics software and health care integration.
Manufacturing remains a very important engine for the region’s economy. Fifteen percent of the workforce is employed by manufacturers, well above the 9 percent average nationally. The region is home to many well-known manufacturers.
Two Milwaukee-based industrial companies are on the Fortune 500 list: Harley-Davidson, maker of the iconic motorcycles; and Rockwell Automation, an international leader in industrial controls and Internet of Things (IoT) solutions. Four other industrial companies based in the region have revenues greater than $3 billion: Quad (Sussex), SC Johnson (Racine) and Snap-On (Kenosha), and A. O. Smith (Milwaukee).
The region leads the nation in the production of industrial controls, steel foundry parts, engines and mining machinery. It also leads the nation in the production of medical diagnostic equipment, thanks to GE Healthcare, which has several Wisconsin facilities located in Milwaukee, Wauwatosa, Waukesha and Madison. The region is also home to Rockwell Automation and Johnson Controls, global leaders in industrial and building control systems; Actuant, which manufactures hydraulic, electromechanical and electronic motion-control systems; A. O. Smith, which produces water heaters; Brady Corp., which markets labeling and identification systems worldwide; Briggs & Stratton, a leading small-engine manufacturer; Harley-Davidson, the legendary motorcycle manufacturer; Molson Coors, a leading brewer; Modine Manufacturing, a global leader in thermal management; Quad, an integrated marketing company that is also among the world’s largest printing companies; and Rexnord, which manufactures power, control and information technologies.
The Milwaukee Region is home to several internationally recognized medical technology and biotech firms. GE Healthcare, a global leader in medical imaging and information technologies, patient monitoring systems and health care services, employs nearly 6,000 people at multiple facilities in the region. In addition to GE Healthcare, southeastern Wisconsin is a base for several medical technology firms, including Vesta, Welch Allyn Cardiology; Criticare Technologies, Alcami Corp., and Bradshaw Medical.
Milwaukee, ranked as an up-and-coming tech city by Forbes magazine, features a solid, high-tech base. The Milwaukee Region is a leader in medical diagnostic instruments, industrial robots, automation controls, electronic controls, software development, power distribution, water technologies, supply chain and just-in-time distribution.
The Milwaukee Region is also on the forward edge of research into the development of the Internet of Things and advanced medical imaging. With the arrival of Foxconn, which recently broke ground on its manufacturing campus, it will also be an epicenter for new LCD technologies.
Fast-Growing Service Sector
Health care and social assistance, professional and business services, retail trade, hospitality and food services, and finance/insurance are among the largest service-sector segments in the region. Five Milwaukee-area service companies are ranked as Fortune 500 companies: ManpowerGroup, Northwestern Mutual, and WEC Energy Group (Milwaukee), Kohl’s Corp. (Menomonee Falls) and Fiserv (Brookfield).
ManpowerGroup is the third-largest staffing firm in the world, serving more than 400,000 clients worldwide. Northwestern Mutual is the nation’s leading provider of individual life insurance and a financial services firm that manages $272 billion in assets. Kohl’s is among the nation’s leading retailers with more than 1,100 stores in 49 states. Fiserv is one of the nation’s largest data processing firms, serving more than 20,000 clients in 130 countries. Milwaukee is also home to the Mortgage Guaranty Insurance Corp. (MGIC), which is the nation’s leading provider of private mortgage insurance.
Several national banks have a major presence in the Milwaukee Region, including Bank of America, BMO Harris, JPMorgan Chase, US Bank and Wells Fargo. The region is home to significant operations for several large state and regional financial institutions, including Associated Bank, The Equitable Bank, Johnson Financial Group, Landmark Credit Union, PNC Bank, Summit Credit Union, Tri-City National Bank and UW Credit Union.
Health care is a major service employer. Southeastern Wisconsin is home to major operations for two of the nation’s largest integrated health care systems – Advocate Aurora Health and Ascension Wisconsin. Advocate Aurora Health has 10 hospitals in the region. Ascension Wisconsin operates nine hospitals in southeastern Wisconsin. The region’s other major health care providers are Froedtert & Medical College of Wisconsin, which operates three hospitals in conjunction with an academic medical center, and ProHealth Care, which operates two hospitals and will be opening a third this fall in Waukesha County.
During the past 15 years, Milwaukee has evolved into a major center for electronic commerce. Two of the world’s largest data processing firms have significant operations in southeastern Wisconsin. Brookfield-based Fiserv is a leading data processing provider for financial institutions serving more than 10,000 financial institutions in more than 90 countries. FIS, the world’s largest technology solution provider, employs more than 3,000 people in the region. The Milwaukee Region is known for its strong supply-chain services. Several large software firms specializing in logistics, including Dematic Corporation, have operations here. It is also home to other specialty technology firms, including Astronautics Corp. of America, an international provider of flight-critical software and instruments; Penta Technologies, developer of enterprise solution software; Connecture Inc., a health insurance software provider; and Zywave, a leading developer of software for financial planners and insurance brokers.
Food & Beverage
Wisconsin is home to nearly 1,200 food and beverage manufacturers, ranking fifth in the nation. Southeastern Wisconsin accounts for the largest concentration of food and beverage manufacturers in the state with more than 250 companies employing nearly 15,000 people. The region’s legacy brands include: Gardetto’s, Gehl’s, Johnsonville, Klement’s, Leinenkugel’s, Molson Coors, Pabst, Palermo’s, Patrick Cudahy, Sargento and Usinger’s. FaB Wisconsin is a statewide organization that supports and promotes the development of food and beverage manufacturing.
The Water Council:
Milwaukee’s Global Leadership Role in Freshwater Research, Technology
The Water Council, headquartered in the Global Water Center near Downtown Milwaukee, drives economic, technology and talent development to support the global water industry. Located next to the world’s largest freshwater system and home to one of the most influential freshwater technology hubs in the world, The Water Council is recognized as a global center for advancing water technologies and stewardship. That hub includes more than 238 water technology businesses and a diverse network of 200 members from around the world.
In addition to driving economic development, attracting and connecting world-class talent and supporting water-focused technology innovation, The Water Council seeks to help secure global freshwater resources by driving solutions to the industries that need and use a large amount of water. thewatercouncil.com