Company investing $4 million to expand in Roanoke, created 115 new jobs
ROANOKE, Va. (WSET) -- Governor Terry McAuliffe announced a company is investing millions of dollars to expand in Roanoke, creating more than 100 new jobs.
McAuliffe announced that Atlantic Credit and Finance, (ACF), a subsidiary of Encore Capital Group, and a leading servicer of unsecured, consumer-distressed assets, will invest $4 million to expand its operations in the City of Roanoke.
The company is moving to a new 50,000 square-foot office in downtown Roanoke, adding 115 more jobs.
“Atlantic Credit and Finance has been a major employer and valuable member of the Roanoke community for more than 20 years, and we are thrilled the company has decided to reinvest and expand in the Commonwealth,” said Governor McAuliffe. “The combination of Virginia's pro-business climate, unparalleled education system, and outstanding talent pool make the Commonwealth an ideal location for corporate headquarters. We are confident Atlantic Credit and Finance will continue to thrive in Roanoke, and thank the company for contributing to our efforts to diversify and build the new Virginia economy.”
Acquired by Encore Capital Group in 2014, ACF has remained in Roanoke, and is now expanding, because of the exceptional talent and community amenities of the region.
“We expect to grow our call center capacity in the coming years, and Roanoke has everything we're looking for in a partner for this expansion,” said Shawn Thomas, Vice President of Operations for Encore Capital Group. “We've gotten incredible support from the community and its leaders. We're excited to invest in a best-in-class facility to provide our employees with an exceptional work environment and to provide even more meaningful career opportunities for people in the region.”
Atlantic Credit and Finance will occupy two floors of 111 Franklin Road, raising the building’s occupancy to 88 percent. The new jobs will earn an average annual salary of $43,000.
Construction will begin immediately and the company expects to be in its new offices in 2018 with plans to hire the 115 new employees over the next two years.