Industries Economic Development

Danville to get 500 new jobs

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PRA Group Inc. plans to make a capital investment of $15.1 million to establish a new call center in Danville.

Virginia successfully competed with multiple states for the investment, which is planned to create 500 jobs, announced Gov. Ralph Northam’s office on Thursday. PRA Group is a global company that acquires and collects nonperforming loans.

Northam said in the announcement that PRA Group would bring a shuttered asset in the Airside Industrial Park back into productive use. The building PRA Group is moving into is the former Televista building on Crane Creek Boulevard, according to a report from The News & Advance.

Northam approved a $1.5 million grant from the Commonwealth’s Opportunity Fund to help Danville with the project.

The Virginia Tobacco Region Revitalization Commission approved a $1.665 million grant as well as a $1.665 million loan for the project.

PRA Group is eligible to get benefits from the Virginia Enterprise Zone Program. Virginia Jobs Investment Program will provide PRA Group with funding and services for employee training activities.

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