ROANOKE, Va. – A financial company is planning to open a new office in downtown Roanoke, creating 115 new jobs.
Atlantic Credit and Finance (ACF), a subsidiary of Encore Capital Group, will invest $4 million to expand its operations in Roanoke, Gov. Terry McAuliffe announced Thursday.
The company plans to move to a new, 50,000-square-foot office in downtown Roanoke.
Virginia successfully competed against Michigan and Minnesota for the project.
“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,” Governor McAuliffe said. “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.”
Established in 1996 and headquartered in Roanoke, Virginia, ACF provides a leading service of unsecured, consumer-distressed assets.
The Virginia Economic Development Partnership worked with the city of Roanoke and the Roanoke Regional Partnership to secure the project for Virginia.
McAuliffe approved a $250,000 grant from the Commonwealth’s Opportunity Fund to assist the city with the project.