Corporate services firm EQ expected to create 180 Milwaukee jobs

A corporate services company will open a facility on Milwaukee’s far northwest side that is expected to employ 180 people, the Wisconsin Economic Development Corp. announced Monday.

Suburban Minneapolis-based EQ will occupy 116,000 square feet of a building at 11200 W. Parkland Ave. — just across Bradley Road from Dretzka Park.

EQ is a unit of British firm Equiniti Group plc and was created about a year ago when Equiniti bought the shareowner services division of Wells Fargo Bank.

The building EQ will use in Milwaukee formerly housed a Wells Fargo call center where about 1,000 people worked servicing residential mortgage customers.

Wells Fargo announced in 2015 that it was closing that operation and eliminating the jobs.

The work EQ does — handling administrative services connecting companies and their shareholders — is unrelated to the Wells Fargo operation that formerly occupied the northwest side building.

Depending on how many jobs it creates and how much it invests here, EQ could receive up to $1.25 million in state tax credits over the next three years, WEDC said.

The EQ site in Milwaukee will serve as a backup to the company’s headquarters in Mendota Heights, Minnesota, WEDC said. The agency said EQ evaluated locations in at least three other states before selecting Milwaukee.