Stanley Black & Decker Announces $1 Billion Investment in U.S. Innovation and Workforce Development
NEW BRITAIN, Conn., Aug. 12, 2026 /PRNewswire/ — Amid a surge in U.S. infrastructure investment, Stanley Black & Decker (NYSE: SWK) is launching a comprehensive $1 billion initiative aimed at enhancing innovation, developing next-generation tools, and expanding training opportunities in the skilled trades sector. With a projected need for nearly half a million new workers by 2027, this move addresses both productivity and workforce gaps in the construction industry.
Chris Nelson, President and CEO of Stanley Black & Decker, stated, “Our investment strategy not only focuses on manufacturing expansion but also aims to stimulate innovation and redefine the future of work in America. By investing in R&D and nurturing talent, we are setting a precedent for products and solutions that empower workers to tackle critical challenges.”
Key Investment Highlights:
- $1 billion investment by 2028: Half dedicated to R&D for next-generation tools; the other half supports U.S. manufacturing and product development.
- $60 million commitment to the DEWALT Grow the Trades initiative by 2030, with $27 million already allocated for training programs to create new pathways into skilled trades careers.
Nelson continued, “Through technology advancements, U.S. manufacturing reinforcement, and skill development, we are contributing to a stronger workforce and a resilient future for communities nationwide.”
Jay Timmons, CEO of the National Association of Manufacturers, emphasized Stanley Black & Decker’s longstanding commitment to U.S. manufacturing and job creation, highlighting the far-reaching economic benefits of such investments.
About Stanley Black & Decker:
Founded in 1843 and headquartered in the USA, Stanley Black & Decker operates globally with approximately 41,000 employees. The company’s innovative tools and solutions benefit builders, tradespeople, and DIY enthusiasts, represented by trusted brands like DEWALT®, CRAFTSMAN®, and STANLEY®.
For further information, visit www.stanleyblackanddecker.com.
Forward-Looking Statements:
This release contains forward-looking statements regarding Stanley Black & Decker’s strategies and initiatives. Actual results may differ materially due to various factors, including the execution of operational plans and market conditions.
SOURCE: Stanley Black & Decker, Inc.
