By JASON DUNOVANT
A ceremonial groundbreaking was held Tuesday to mark the start of construction on a new administrative campus for ValleyStar Credit Union, the first business opening at the Franklin County’s new Summit View Business Park.
ValleyStar is investing an estimated $7 million and creating 20 new jobs with a total of 40 positions at its new 19,000-square-foot building on 8 acres of land. Phase I of the new facility is expected to open by the end of 2020.
The administrative campus will house ValleyStar’s senior management, human resources and information technology departments. Delbert Lee Morgan, president/CEO of ValleyStar Credit Union, said Summit View Business Park is centrally located in a place that will allow the company to continue growing. Work is already underway to hire employees to fill the open positions, he said.
“The Summit View Business Park is now much more than a vision to provide economic development opportunities for our residents,” Franklin County Board of Supervisors Chairman Cline Brubaker said at the groundbreaking ceremony on Tuesday. “Summit View is now on its way to becoming a community hub for both jobs and recreation.”
Summit View has been undergoing a significant amount of construction including two pad-ready sites, all utilities, a community-event pavilion and a landscaped entrance road from U.S. 220. Plans for the 550-acre business park include athletic fields, a BMX bicycle course, a festival area, a visitor center and multi-use trails.
Work has already started on ValleyStar Credit Union’s administrative campus, weeks before Tuesday’s official groundbreaking. Crews could be seen already laying the foundation for the new building during the ceremony.
“We congratulate ValleyStar for its confidence in Franklin County and commitment to building our future together,” Brubaker said. “The Summit View Business Park is making Franklin County 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 sites.”
Brubaker said the new jobs will pay an average annual salary and benefits of nearly $70,000, higher than current prevailing wages and benefits in the county. The project is supported by Franklin County, which is transferring the property at no cost to the company, and a $40,000 grant from the Tobacco Region Opportunity Fund.
Another future tenant, Stik-Pak Solutions, will soon begin construction on a $14.3 million project that will relocate and expand its Franklin County operation into a new 100,000-square-foot facility in the park.
“This is an exciting time in our history,” Morgan said. “We’re delighted to be the first tenant at Summit View as it gives us an opportunity to start the consolidation of our administrative offices into one centrally-located campus, plan for future growth, and give our employees a unique and pleasant work environment.”