The city of Milwaukee will offer Molson Coors Brewing Company a $2 million incentive package as part of the company’s restructuring plans, which include bringing “hundreds” of jobs to Milwaukee.
In October, Molson Coors announced plans to streamline its operations, which involved moving its corporate headquarters from Denver to Chicago. The structuring plans also will include a shift in functional support roles from several locations around the country to Milwaukee.
As part of the offer, Molson Coors will be required to engage certified small businesses enterprises for at least 25% of the design and construction of the company’s office renovations. Also, at least 40% of labor hours for the renovations must be performed by certified workers under the Residents Preference Program, which requires Molson Coors to meet certain resident hiring goals.
“We want to ensure that the people who live in this community and sometimes the people literally in this neighborhood, are helping to build the future of this city,” Barrett said.
However, even as state and local officials continue to praise Molson Coors’ decision to reinvest in Milwaukee, the exact number of jobs that are coming to Milwaukee is still unknown.
“There will be a gain of jobs in Wisconsin in the hundreds,” said Gavin Hattersley, Molson Coors CEO. “We haven’t finalized that and we’re stilling working through it with our employees.”