Stanley Black & Decker Pledges $1B for Trades and Tool R&D

Stanley Black & Decker says it's investing $1 billion in the U.S. to advance innovation, develop next-generation tools and solutions, and increase access to training opportunities to expand the skilled trades workforce.

"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 Chief Executive Officer. "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."

Of the $1 billion Stanley Black & Decker plans to invest through 2028, approximately 50% will go to research and development to accelerate the creation of next-generation tools and breakthrough solutions for trades professionals. The other 50% will support capital expenditures and long-term investments to bolster its U.S. manufacturing footprint and support new product development. 

In addition, Stanley Black & Decker has committed to investing $60 million through its DEWALT Grow the Trades initiative through 2030 - of which $27 million has already been deployed - to expand training programs and open new pathways to careers in the skilled trades.