Summit View Business Park in Rocky Mount welcomes first tenant
- February 20, 2018
ValleyStar Credit Union will be the first business tenant at Rocky Mount’s new Summit View Business Park.
Franklin County announced Tuesday that ValleyStar is investing $5.2 million to build a new administrative campus on seven acres. The project is expected to create 10 additional jobs, with a total of 32 jobs at the new location.
According to Franklin County, the new jobs will pay an average annual salary and benefits of nearly $70,000, which is significantly higher than current prevailing wages and benefits in the county. ValleyStar plans to build a 15,000-square-foot building on the site with plans to expand.
The first phase of the business park’s construction, estimated at $9.7 million, is expected to be completed by June. It includes creating two building pad sites, extending utilities and constructing an access road connecting U.S. 220. Eventually the 550-acre project will include pavilions, athletic fields, a BMX bicycle course, tourist visitor center and multiuse trails, in addition to business and industrial sites.
Franklin County is supporting the project by transferring the property at no cost to the credit union, which also is receiving a $40,000 grant from the Tobacco Region Opportunity Fund.
ValleyStar, based in Martinsville, serves Southwest and Central Virginia and north central North Carolina. The credit union has $380 million in assets with more than 40,000 members. It operates nine branch offices in Collinsville, Danville, Martinsville, Roanoke, Rocky Mount, South Boston and Waynesboro.