Danville city officials joined state and other local leaders and citizens Monday morning in a ribbon-cutting ceremony marking PRA Group's purchase of the former Telvista facility at Airside Industrial Park.
The facility will be PRA Group's third location in Virginia and will provide 300 jobs here. The company is now renovating the property, with plans to be operational by early next year. Over the next few months, the company will hold job fairs and training opportunities for residents in and near the Danville area.
Mayor Alonzo Jones noted that the company recently purchased the building in Airside Industrial Park, demonstrating its commitment to long term growth in Danville.
“Today’s ceremony marks another huge step forward for Danville,” Jones said at the ceremony. “PRA Group is a high-caliber business that will provide vital new employment opportunities for our citizens. Its purchase of this building underscores the company’s commitment to our city, and we expect them to be a corporate citizen for years to come.”
Kevin Stevenson, PRA Group president and chief executive officer, called the Danville location “an incredible opportunity for our company as the city of Danville has a talented workforce ready to partner with us on this new, exciting venture.”
As a global leader in acquiring and collecting nonperforming loans, PRA Group returns capital to banks and other creditors to help expand financial services for consumers in the Americas and Europe. With more than 5,000 employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt.
Company officials initially announced the project in December 2018, citing plans for 500 employees and an investment of $15 million.