EQ Locates Operations Center in Milwaukee, Wisconsin


EQ Locates Operations Center in Milwaukee, Wisconsin
EQ, a Minnesota-based financial services and corporate services company, is establishing operations in Milwaukee, Wisconsin. The project is expected to create 180 jobs on the city’s northwest side. The company, established in 1929, provides a range of transfer agent services that enable clients to manage share registers, communicate with shareowners and undertake significant corporate actions, simply and effectively. Formerly known as Wells Fargo Shareowner Services, EQ is part of an international organization that services 23 million shareholders and more than 1,200 clients worldwide... ...To secure the company’s investment in Wisconsin, the Wisconsin Economic Development Corporation (WEDC) has authorized EQ to receive up to $1.25 million in tax credits over the next three years. The actual amount of credits the company will receive is contingent upon the number of jobs created and the level of capital investment over that time... ...more Ken Notes: Do not know when the deal was made, but are tax credits going to continue to be a hit and miss thing we offer to those in the know or available to all new or expanding businesses??? It is interesting that the 1.25 million (7K per new hire) is on the low side of what we have seen lately. I have suggested 2K per employee over ten years as a benchmark or starting point for a legislative option.
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Our Sponsors - - Volume: 7 - WEEK: 3 Date: 1/17/2019 8:20:18 AM -

EQ, a Minnesota-based financial services and corporate services company, is establishing operations in Milwaukee, Wisconsin. The project is expected to create 180 jobs on the city’s northwest side.

The company, established in 1929, provides a range of transfer agent services that enable clients to manage share registers, communicate with shareowners and undertake significant corporate actions, simply and effectively. Formerly known as Wells Fargo Shareowner Services, EQ is part of an international organization that services 23 million shareholders and more than 1,200 clients worldwide...

...To secure the company’s investment in Wisconsin, the Wisconsin Economic Development Corporation (WEDC) has authorized EQ to receive up to $1.25 million in tax credits over the next three years. The actual amount of credits the company will receive is contingent upon the number of jobs created and the level of capital investment over that time...

...more

Ken Notes: Do not know when the deal was made, but are tax credits going to continue to be a hit and miss thing we offer to those in the know or available to all new or expanding businesses??? It is interesting that the 1.25 million (7K per new hire) is on the low side of what we have seen lately. I have suggested 2K per employee over ten years as a benchmark or starting point for a legislative option.

EQ Locates Operations Center in Milwaukee, Wisconsin

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