President Trump had promised to bring jobs back to the USA by lowering corporate taxes and getting rid of unnecessary regulations. Well, it looks as though he has kept his word again.
Stanley Black & Decker has plans to open a new Craftsman manufacturing plant in Fort Worth, Texas. The construction on the 426,000 sq. ft. facility is expected to begin in the summer with an estimated completion time in late 2020.
This facility will employ 500 full-time workers making a range of Craftsman tools, including sockets, ratchets, and wrenches.
In an announcement, Chief Executive Jim Loree stated, “When we purchased CRAFTSMAN in 2017, we were determined to revitalize this iconic U.S. brand and bring back its American manufacturing heritage.”
Mr. Loree went on to say how sales are expected to reach $1 billion by 2021.
This is good news for the people living in the Fort Worth area, as well as the American consumer. With all the trade imbalance issues between the US and China, having more manufacturing done on our shores will undoubtedly strengthen our country.
Thank you, President Trump for all your hard work. This is another example of Promises Made, Promises Kept.
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