Stanley Black & Decker plans $1 billion US investment through 2028
Stanley Black & Decker plans to invest $1 billion in the United States through 2028, with funding directed toward research and development, manufacturing operations and workforce training.
About half of the investment is expected to support research and development for next-generation tools and solutions for trades professionals. The remaining 50% will support capital expenditures and long-term investments to strengthen the company’s U.S. manufacturing footprint and support new product development.
The company also has committed to investing $60 million through 2030 through its DEWALT Grow the Trades initiative to expand training programs and create pathways to careers in the skilled trades. Stanley Black & Decker said $27 million of that commitment has already been deployed.
The investment comes as the construction industry faces continued demand for skilled workers. Stanley Black & Decker cited estimates that nearly 500,000 additional workers will be needed by 2027.
“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,” said Chris Nelson, Stanley Black & Decker’s president and CEO. “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. This is how we plan to lead America forward – by building, competing, and innovating.”
“By advancing technology, investing in U.S. manufacturing and expanding training to skilled trades Stanley Black & Decker is helping to build a stronger workforce and a more resilient future for communities across the nation,” Nelson said.
Jay Timmons, president and CEO of the National Association of Manufacturers, said the investment could have a broad impact on U.S. manufacturing.
“For more than 180 years, Stanley Black & Decker has helped define what it means to make things in America – innovating, investing and creating opportunities for manufacturing workers and the communities they serve,” Timmons said. “Their commitment to strengthening U.S. manufacturing and empowering America’s manufacturers exemplifies the leadership our nation needs. These investments not only reinforce our industrial foundation – they open doors to new economic opportunities and secure a brighter future for communities across the country. This is the kind of vision that propels our industry forward.”
