OXFORD, Miss.–Office Park Drive in Oxford is getting a little more crowded, but nobody’s complaining about it. FNC, Inc. broke ground on a new 68,000 sq. ft. facility Tuesday. It’s a $20 million investment that is expected to bring 310 new jobs once the building is done.
The work is expected to take about one year.
FNC is a global company that provides real estate collateral information technology. The company’s website says that since the late-1990s, FNC has offered solutions that automate appraisal ordering, tracking, documentation and review for lender compliance with government regulations.
“FNC is a shining example of a homegrown, high-tech company that has found the tools and resources needed for success right here in Mississippi. I thank the FNC team for its ongoing commitment to Oxford and the entire state and for creating so many quality jobs for the area’s workforce,” said Gov. Phil Bryant. “I wish FNC many more years of success in Oxford and congratulate the company on this milestone event.”
“Serving financial clients across the globe, we are happy to call Mississippi home. We appreciate all of the help and support we have received over the years from investors, customers, our employees, and the Mississippi Innovation community. We look forward to expanding our journey together,” said FNC CEO and Co-Founder Bill Rayburn.
The Mississippi Development Authority provided assistance in support of the project for infrastructure needs and workforce training. The city of Oxford and Lafayette County provided assistance, as well.
“Today’s groundbreaking symbolizes the strong, supportive business climate we strive to provide businesses in our state, and we are glad to have played a role in this exciting project,” said MDA Executive Director Brent Christensen. “We thank our partners at the city of Oxford, Lafayette County and the Oxford-Lafayette County Economic Development Foundation who worked with us to help this great company expand.”