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Posted on: July 5, 2016

ANNOUNCING A NEW CAMPBELL COUNTY BUSINESS - THE STANDARD

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The Standard Will Open New Regional office in Altavista, Virginia

Opening in September, the Office will likely employ 200+ new employees by 2019

Richmond, VA, – It is with pleasure that we announce today that Standard Insurance Company (“The Standard”) will invest $1.7 million to establish a regional satellite office in the town of Altavista in Campbell County. The new office will be staffed and operational by September of 2016. Virginia successfully competed against other states for the project, which will create up to 178 jobs within 36 months and 234 new jobs by 2020.

The Standard’s first priority will be to establish and build teams supporting the company’s Life and Disability Services organization. The new office will be the company’s fifth regional site, along with Portland and Hillsboro, Ore., White Plains, N.Y., and Cincinnati, Ohio.

“We took a great deal of care in choosing this location for our new office,” said Dan McMillan, vice president of Employee Benefits at The Standard. “In addition to the concentration of talent in the area, Altavista, Lynchburg and the surrounding communities in Campbell County are a strong match with our corporate culture.”

Active recruiting is already underway. The Standard has posted roles internally and externally and has plans to hold job fairs in Campbell County.

The Virginia Tobacco Region Revitalization Commission approved $320,000 in Tobacco Region Opportunity Funds. Additional funding and services to support The Standard’s employee training activities will be provided through the Virginia Jobs Investment Program.

The Region 2000 Workforce Center will assist with recruitment as well as financial assistance for on-the-job training with any Workforce Innovation and Opportunity Act (WIOA) eligible dislocated workers or individuals who may be hired. On-the-job training programs will cover one half the cost of wages for WIOA eligible jobseekers.

“The investment by the Standard is a welcome addition to Altavista. The 234 jobs phased in over the next four years will have a direct impact on our community, we are pleased that the Standard recognizes Altavista is open for business.” stated Altavista Mayor Mike Mattox.

“It is great to confirm The Standard’s decision to locate in Campbell County, specifically Altavista. We’re glad the Altavista Office Park was available and met the needs of the company,” said Stan Goldsmith, Campbell County Board of Supervisors, Altavista District. “We welcome The Standard with open arms and look forward to a long relationship."

“The Tobacco Commission is pleased to be able to assist Altavista and Campbell County in attracting The Standard Insurance company to the area. The Standard is a quality employer who will be an asset to the region with a history of being an excellent employer." said Senator Frank Ruff, Vice-Chair of the Virginia Tobacco Region Revitalization Commission.

Tobacco Commission member, Delegate Kathy Byron added, “I am pleased that Standard Insurance chose to locate their new office in Altavista. The jobs they are creating will help grow our local economy and I welcome them as members of our business community here in Campbell County.”

About The Standard
The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, retirement plans products and services and individual annuities. For more information about The Standard, visit www.standard.com.
The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.

About The Tobacco Region Revitalization Commission
The Tobacco Region Revitalization Commission is a 28-member body created by the 1999 General Assembly. Its mission is the promotion of economic growth and development in tobacco-dependent communities, using proceeds of the national tobacco settlement. To date, the Commission has awarded nearly 2000 grants totaling more than $1 billion across the tobacco region of the Commonwealth, and has provided $309 million in indemnification payments to tobacco growers and quota holders.


If you would like more information about this topic, please contact us at econdev@campbellvirginia.com.

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