Stanley Black & Decker will invest $1 billion through 2028 to strengthen its U.S. manufacturing footprint. The funds will support research and development and new product innovation as it seeks to develop next-generation tools and solutions as well as increase training opportunities to expand the skilled trades.
Half of the $1 billion will go to R&D to accelerate product development activities, while the remaining half will be dedicated to capital expenditures to strengthen its manufacturing footprint for the long term. An additional $60 million will be given to its DEWALT Grow the Trades initiative through 2030, of which $27 million has already gone into action to expand training programs and career pathways for the skilled trades.
“Our U.S. investment strategy has multiple dimensions and goes far beyond expanding manufacturing—it’s about igniting innovation, building world-class capabilities and redefining the future of work in America,” Stanley Black & Decker’s President and CEO Chris Nelson said in an August 12 news release.”
“By leaning into research and development and investing in the future of our U.S. operations, we are setting the benchmark for next-generation products and solutions. These investments will empower America’s tradespeople to work safer, reach new levels of productivity and rise to help solve the nation’s toughest challenges.”
