Stanley Black & Decker invests $1B in US to boost innovation and skilled trades workforce by 2028

Stanley Black & Decker announced a $1 billion investment in the US through 2028 to enhance innovation, develop next-gen tools, and expand training for skilled trades. Half of the funds will support R&D for new products, while the rest will strengthen manufacturing and product development. The company also committed $60 million to its DEWALT Grow the Trades program to address the growing skilled labor gap, with nearly 500,000 new workers needed by 2027. This investment aims to improve productivity, safety, and workforce growth amid rising infrastructure demands in the US.