Pacific Life Insurance new Lynchburg business center adds 300 jobs
RICHMOND, Va. — Pacific Life Insurance Company will invest nearly $4 million to open a business center in the City of Lynchburg, expanding the company’s suite of innovative products and service capabilities. With this investment, the company completed an acquisition of the term life new business platform from Genworth Financial.
The project will create 300 new jobs. Check for Pacific Life Insurance Company jobs here.
“I am pleased to congratulate Pacific Life for their significant expansion to the City of Lynchburg and applaud their choice to invest in one of the best business regions on the East Coast,” said Governor Terry McAuliffe. “Pacific Life’s creation of 300 new jobs in Virginia reflects the Commonwealth’s rapid economic growth, pro-business climate, and world-class workforce. I am confident that Pacific Life will thrive in this new location and will bring the Commonwealth one step closer in our efforts to diversify and build a new Virginia economy.”
The Virginia Economic Development Partnership worked with the City of Lynchburg and the Lynchburg Regional Business Alliance to secure the project for Virginia. Governor McAuliffe approved a $500,000 grant from the Commonwealth’s Opportunity Fund to assist Lynchburg with the project. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program, administered by the Virginia Economic Development Partnership.
READ MORE of this story in Virginia Terry Governor McAuliffe’s Press Release.