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Economy
Milwaukee and its suburbs are the home to the headquarters of 13 Fortune 1000
companies, including Johnson Controls, Northwestern Mutual, Manpower Inc.,
Kohl's, Harley-Davidson, Rockwell Automation, Fiserv, Marshall & Ilsley Corp.,
Wisconsin Energy, Briggs & Stratton, Joy Global, A.O. Smith, and MGIC
Investments. The Milwaukee metropolitan area ranks fifth in the United States in
terms of the number of Fortune 500 company headquarters as a share of the
population. Milwaukee also has a large number of financial service firms,
particularly those specializing in mutual funds and transaction processing
systems, and a number of publishing and printing companies, including
Quad/Graphics. Milwaukee is also the headquarters of Midwest Airlines, the Koss
Corporation and Master Lock.
Manufacturing and brewing
Miller Brewing Company, Milwaukee's only major brewer.
Miller Brewing Company, Milwaukee's only major brewer.
Twenty-two percent of Milwaukee's workforce is involved in manufacturing, second
only to San Jose, California, and far higher than the national average of 16.5%.
Service and managerial jobs are the fastest-growing segments of the Milwaukee
economy, and health care makes up 27% of all service jobs in the city.
Milwaukee was once the home to four of the world's largest breweries (Schlitz,
Blatz, Pabst, and Miller), and was the number one beer producing city in the
world for many years. Despite the decline in its position as the world's leading
beer producer after the loss of three of those breweries, its one remaining
major brewery, Miller Brewing Company, remains a key employer by employing over
1,700 of the city's workers. Due to Miller's solid position as the
second-largest beer-maker in the U.S., as well as basing its world headquarters
in Milwaukee, the city remains known as a beer town despite now only
representing a fraction of its economy.
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