DANVILLE—Governor Ralph Northam today announced that PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, will make a capital investment of $15.1 million to establish a new call center in the City of Danville. Virginia successfully competed with multiple states for the project, which will create 500 new jobs.
“PRA Group’s multi-million-dollar investment will harness Southern Virginia’s abundant talent in the corporate services industry by creating 500 new jobs, and bring a shuttered asset in the Airside Industrial Park back into productive use,” said Governor Ralph Northam. “PRA Group is a prime example of a home-grown Virginia business developing into a valued major employer in the Commonwealth, and we look forward to the company’s next chapter in the City of 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.