The Virginia-based member company has created 200 new jobs for the greater Albuquerque area.
05/16/2024 12:20 P.M.
2 minute read
Spring Oaks Capital LLC, an ACA International member company based in Chesapeake, Virginia, recently announced its decision to create 200 new jobs in the Albuquerque region, with starting salaries at $20 per hour. This new operation will deliver a total economic impact to the region of $33.6 million in its first three years alone.
After a series of visits to competing markets for Spring Oaks Capital’s first expansion location outside of its headquarters in Virginia, and getting to know the greater Albuquerque community and workforce resources, the company decided to choose the New Mexico city for its expansion efforts.
In addition to the site visit to the region facilitated by the AREA team, which included several partners such as the state of New Mexico Economic Development Department and the New Mexico Partnership, Mayor Tim Keller and the City of Albuquerque Economic Development Department quickly expressed their support of new business investment and ensured a smooth planning and permitting process to get them up and running quickly.
“Spring Oaks Capital’s decision to expand in Albuquerque and create new jobs in our community is another step forward for Albuquerque,” said Economic Development Director Max Gruner. “These new job opportunities will help support local families and provide valuable career pathways for students and young professionals. This decision reflects the strength of our city’s economy and the skill of our workforce.”
Tim Stapleford, president and CEO of Spring Oaks, commented, “After a national search for our second office facility, we couldn’t be more excited to call Albuquerque our new home. We were instantly impressed with the sense of community and partnership we experienced from everyone we met. The rapid growth of Spring Oaks Capital has been based on our commitment to providing high quality jobs and a collaborative, supportive work environment for our employees, and we look forward to becoming a part of the growing, vibrant Albuquerque business community.”
The operations will sit in a central location of the community for job seekers searching for a comfortable commute and a premier office experience. Employee satisfaction is a key driver of the company’s overall success and goes hand in hand with providing employee benefits that align with their needs and priorities.
In addition to a competitive hourly wage paid weekly, Spring Oaks Capital is offering full-time employees a robust benefits package that includes company paid medical, dental, vision, life insurance, short/long term disability, employee assistance program and an employer funded HSA plan. Additional benefits include a wellness program, paid holidays, paid time off, paid parental leave, and 401(k) company matching.
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