500 NEW JOBS COMING TO DANVILLE
PRA Group, Inc. To Establish New Call Center
Richmond, VA – Governor Ralph Northam announced today that PRA Group, Inc. will establish a new call center in Danville. The project is expected to create 500 new jobs and includes $15.1 million in capital investment. The Tobacco Commission is supporting this project with a $1,665,000 Tobacco Region Opportunity Fund grant as well as a $1,665,000 loan.
Tobacco Commission member, Senator Bill Stanley said, “I am thrilled that PRA is making this substantial investment in our region and bringing 500 new jobs. The fact that we were able to successfully compete against other states to bring these jobs to Danville says a lot about our business climate and workforce. I look forward to PRA starting their hiring process and am proud that the Tobacco Commission supported this project.”
Tobacco Commission member, Delegate Danny Marshall added, “What a great Christmas present for the Danville area. This is a big win for our region. Five hundred new jobs will have a huge impact on our local and regional economy. I am pleased that the Tobacco Commission chose to support this project and wish PRA the best as they get their operation underway here in Danville.”
Founded in Norfolk, Virginia as Portfolio Recovery Associates, PRA Group, Inc. is now one of the nation’s largest debt recovery firms. By returning capital to banks and other creditors, the company helps to expand financial services for consumers in the Americas and Europe. PRA Group employs more than 2,000 in its Norfolk and Hampton facilities and 5,000 worldwide.
President and Chief Executive Officer of PRA Group, Kevin Stevenson said, “We are excited to open this new call center just a few hundred miles away from where we started 22 years ago. I am grateful to the Governor and our local and state officials, as well as the Tobacco Commission, for their support in making this new site possible. I look forward to long-term growth and success in Danville.”
Mayor of Danville, Alonzo Jones added, “We are so delighted to welcome PRA to our wonderful city. This is truly a winning scenario for all involved—a win for PRA to come to a community with a quality workforce ready to help the company grow, a win for the citizens of Danville to provide quality employment opportunities, and a win for the Commonwealth of Virginia to help an existing Virginia company expand within the state!”
The Tobacco Region Revitalization Commission is committed to developing a diverse economy in Southern and Southwest Virginia. Attracting new employers, like PRA Group, to the areas we serve is an important part of that mission.
Contact: Jordan Butler
FOR IMMEDIATE RELEASE