10 NEW JOBS COMING TO FRANKLIN COUNTY
ValleyStar Credit Union to Build Administrative Campus at Summit View Business Park
Richmond, VA – ValleyStar Credit Union will invest $5.25 million to build a new administrative campus in Franklin County. The project will result in 10 new, high-paying, jobs with 32 total employees working at the new facility. ValleyStar will be the first business to locate at Summit View Business Park.
The Tobacco Region Revitalization Commission awarded a $40,000 Tobacco Region Opportunity Fund grant to assist with this project. Additionally, the Tobacco Commission has supported the development of Summit View Business Park with grants totaling more than $1.1 million.
Tobacco Commission member, Gretchen Clark said, “It is great to hear that ValleyStar is building their new administrative campus at Summit View Business Park. The Commission has invested in both Summit View and this project and it is wonderful to see those investments producing results.”
ValleyStar Credit Union has been in business since 1953 and serves southwest and central Virginia and north central North Carolina. The Credit Union is $380 million in assets with more than 40,000 members. ValleyStar is a full service financial institution that offers consumer and commercial loan products and services. Headquartered in Martinsville, Virginia, ValleyStar operates 9 branch offices in the Collinsville, Danville, Martinsville, Roanoke, Rocky Mount, South Boston and Waynesboro communities. For more information, visit valleystar.org.
The first phase of the Summit View Business Park’s construction, estimated at $9.7 million, is expected to be completed by June and includes two building pad sites, extending utilities, and building an access road connecting U.S. 220. Eventually the 550-acre project will include pavilions, athletic fields, BMX bicycle course, festival area, tourist visitor center, multi-use trails and more, in addition to numerous fully-served business and industrial sites.
President/CEO of ValleyStar Credit Union, Delbert Lee Morgan said, “Summit View is an exciting and visionary venture for Franklin County, and we are proud to be coming on board at the early stages of the development. Having the opportunity to consolidate our operations in one centrally located campus ensures our future growth and success. Summit View and Franklin County are open for business and we are excited to be part of this project.”
Franklin County Board of Supervisors Chairman, Cline Brubaker added “We welcome ValleyStar’s administrative campus to Franklin County. The investment we are making in Summit View and the foresight of our leaders are evident with this addition to our corporate community. The Summit View Business Park will enable the county to be a major player for a wide variety of economic development prospects looking for low costs of doing business, a skilled workforce, and ready-to-go building pads while creating new job opportunities and recreational options for our residents. ValleyStar is bringing exactly the type of jobs that Franklin County residents are demanding. This project shows the transformational effects that the Summit View Business Park will have on our community.”
The Tobacco Region Revitalization Commission is committed to developing a diverse economy in the areas we serve. Over the years the Commission has made strategic investments to ensure that Southern and Southwest Virginia are able to attract high-quality jobs to the region, including investment in business parks like Summit View. The jobs being created by ValleyStar at Summit View Business Park are a testament to the effectiveness of this long term strategy.
Contact: Jordan Butler
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