Financial & Business Services
Grow Your Portfolios and Possibilities
The Lynchburg region is experiencing significant growth in its Financial and Business Services sector, charting a 28% increase in telemarketing and other contact centers since 2010. Leading companies like Genworth and Pacific Life anchor the region’s strong presence in insurance and financial planning, supported by a thriving talent pool of business graduates from eight regional universities.
Attracted by a pro-business environment and one of the lowest corporate income tax rates in the nation, top accounting companies and financial business enterprises find the Lynchburg region an ideal location for expansion and investment.
Increase in Telemarketing & Contact Center Businesses Since 2010
Lynchburg Regional Business AllianceMasters of Business Administration Program at the University of Lynchburg
CEO Magazine, 2016Jobs Currently Related to Financial & Business Services in the Lynchburg Region
Lynchburg Regional Business Alliance
Surrounded by Smarts
The Lynchburg region is a hub for education and talent in the financial and business services industry, thanks to its robust higher education institutions. The University of Lynchburg School of Business stands out with its highly ranked Leadership Development Institute and tier-one MBA program, providing businesses in the sector with access to top-tier talent. Additionally, Central Virginia Community College and Liberty University offer several degree programs in business administration, ensuring a steady pipeline of qualified professionals ready to enter the workforce. Case in point: close to 5,000 postsecondary degrees were awarded to graduates of financial & business programs in the Lynchburg region in 2020.
Leaders in the Field
Rub elbows with prominent financial and business support companies in Lynchburg contributing significantly to the region’s economic vitality.
- Concentrix, an enterprise-wide tech solutions company, collaborates with Fortune 500 companies and employs nearly 200 professionals in the Lynchburg area. Their presence enhances the region’s reputation for providing cutting-edge business solutions and technological expertise.
- Genworth, a leading health aging and financial company, stands out with its substantial workforce of 960 employees in the region. Beyond its business operations, the company has demonstrated a strong commitment to the community by donating over $35 million to non-profits serving the Lynchburg area.
- Pacific Life, a prominent life insurance company, counts more than half of the 100 largest U.S. companies as its clients. Recognized as one of the world’s most ethical companies by the Ethisphere Institute, Pacific Life’s operations in Lynchburg bolster the region’s standing as a center for ethical business practices and reliable financial services.
Continuous Learning in Lynchburg
Central Virginia boasts robust support for its financial industry through key associations such as the Commonwealth Association for Financial Professionals (CAFP). The CAFP, a nonprofit organization active in the region for over 30 years, plays a crucial role in helping professionals enhance their finance, treasury, and accounting functions. The association regularly holds events that foster networking, knowledge sharing, and collaboration among its members, providing valuable opportunities for professional growth and development.
The Virginia Bankers Association (VBA) has been a cornerstone of support for the Commonwealth’s banking industry for over 130 years. The VBA offers a wide range of specialty educational events throughout the year, catering to everyone from entry-level associates to executive management teams. These events ensure that banking professionals at all stages of their careers have access to the latest industry knowledge and best practices, strengthening the overall competency and competitiveness of Virginia’s banking sector.
Tools & Resources
Why LYH Region?
Whether you’re looking for an exceptional workforce or a centralized location, the Lynchburg region maintains a host of benefits for businesses.
Site Selection
Personalized assistance awaits businesses considering site selection in the Lynchburg region — from insightful data to job and location-based tax incentives.
Grow & Expand
Several opportunities and organizations are available to help local businesses looking to scale operations throughout the Lynchburg region.
Leading Stories in Lynchburg
Get the latest on recent business expansions, community initiatives, and developments affecting the business community in the Lynchburg region.
Source4 to expand operations in Bedford County investing $4.5 million and creating 30 jobs
The Bedford County Office of Economic Development, in partnership with the Economic Development Authority (EDA), is pleased to announce that Source4, an integrated business and marketing solutions provider, will invest more than $4.5 million and add 30 new jobs in Bedford County over the next five years. “We have enjoyed our experience in Bedford County […]
Huge Win for CVTC Master Redevelopment Plan
On June 8, the Lynchburg Regional Business Alliance held a press conference at the former Central Virginia Training Center, featuring Senator Steve Newman, to announce the General Assembly has included $25 million in the state budget to fully defease all outstanding bonds associated with CVTC. Additional speakers at the event included Megan Lucas, CEO and […]
Lynchburg EDA selected to receive $500K from EPA for brownfield redevelopment
Lynchburg’s Economic Development Authority again has been selected to receive $500,000 in assessment grants from the Environmental Protection Agency to continue to assist businesses and property owners to identify, assess and begin redevelopment of brownfields. According to a news release, funding dedicated to the assessment of sites potentially affected by hazardous substances and petroleum will […]
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