New York-based Expert Institute LLC, a legal software company that connects attorneys with subject matter experts, will locate its Midwest office in Milwaukee, according to an announcement today from Gov. Tony Evers.
The Expert Institute office will be located in the Dye House building at 320 E. Buffalo St. in the Historic Third Ward. The company plans to grow its Milwaukee staff to 75 employees within three year, Evers said.
The company currently has more than 140 employees with offices in New York and Los Angeles.
“We found a very natural fit in Milwaukee, particularly in the entrepreneurial bustle of the Third Ward district,” said Michael Talve, Expert Institute’s chief executive officer and managing director. “This, coupled with the immense amount of talent coming from the UW System and other Wisconsin-based colleges, made this move an easy choice. We’re thrilled to continue building our team here.”
Expert Institute links attorneys with subject-matter experts across a wide range of legal practice areas. The company recently introduced its first software solution, Expert iQ, an expert witness management platform.
“Wisconsin continues to attract national businesses that are leaders in innovation,” Evers said. “We welcome Expert Institute’s decision to locate here and to join the growing number of businesses that are choosing to locate in Milwaukee and southeast Wisconsin because of our well-trained, well-educated workforce and support for entrepreneurs.”
The Wisconsin Economic Development Corp. is supporting the project by authorizing up to $500,000 in state income tax credits over the next three years. The actual amount of tax credits Expert Institute will receive is contingent upon the number of jobs created and the amount of capital investment during that period.
In addition to the 75 jobs expected to be created by Expert Institute, an economic modeling study estimates the project could indirectly generate 56 additional jobs in the region. Those 131 total new jobs are expected to have an annual impact of more than $267,000 in state income taxes.
“Wisconsin is nationally recognized as the premier innovation and tech hub in the Midwest,” said Missy Hughes, Secretary and CEO of the WEDC. “Expert Institute is a great fit for the creative ecosystem so many businesses are building in our state.”
The Milwaukee 7 (M-7) regional economic development organization also worked to attract Expert Institute to Wisconsin.
“Expert Institute is precisely the kind of company we want in southeastern Wisconsin,” said M-7 vice president Jim Paetsch. “The company’s decision to locate here is yet another affirmation of our ability to compete for investment from companies that require highly educated and motivated technical workers.”