<\/p>\n
Shared Services Center \u2013 Fort Smith, a provider of business office support functions for hospitals and healthcare facilities, will expand their presence in Fort Smith\u2019s Phoenix Center. As part of the expansion, the company is increasing personnel to accommodate increased growth.
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\n\u201cThe economic impact of these new jobs at Shared Services Center will reach beyond Fort Smith to benefit our state\u2019s economy,\u201d said Governor Asa Hutchinson. \u201cFrom 45 new jobs at a software engineering company in North Little Rock to these new jobs that will benefit many families in Fort Smith, it\u2019s been a great few days for job creation in Arkansas. Thanks to Shared Services Center for continuing to make significant investments in our great state.\u201d<\/p>\n
Shared Services Center \u2013 Fort Smith is one of the largest employers in the Fort Smith area. \u201cWe are fortunate to have access to a deep talent pool to fill the need for the business services our location provides,\u201d said Shannon White, Vice President of Shared Services Center \u2013 Fort Smith. \u201cIn addition, the Phoenix Center\u2019s willingness to accommodate our growth and continued support of the Arkansas Economic Development Commission and the Fort Smith Chamber of Commerce allows us to continue to expand on behalf of the hospitals we serve.\u201d<\/p>\n
Shared Services Center \u2013 Fort Smith opened in September 2013. It is now one of Fort Smith\u2019s largest and fastest growing employers and has been an active supporter of community and non-profit organizations since.<\/p>\n
\u201cShared Services Center (SSC) of Fort Smith continues to exceed all of our expectations,\u201d said Tim Allen, President of the Fort Smith Regional Chamber of Commerce. \u00a0\u201cThis expansion is the direct result of the collaboration of several partners, including Lance Beaty, Shared Services Center, Arkansas Economic Development Commission and the Chamber of Commerce.\u00a0 Today\u2019s announcement is a testament of the company\u2019s continued commitment to the community and to the quality of Fort Smith\u2019s workforce.\u201d<\/p>\n
Since its acquisition of the property in 2009, FSM Redevelopment Partners, LLC has extensively improved the site by demolishing several buildings and completely remodeling several others including the strip center on Towson Avenue and over 200,000 square feet of the original mall. The Phoenix Village Mall was the first enclosed mall in the state. Between Sykes Enterprises, the Shared Services Center and various retail stores and medical practices, there are more than 1,500 full time jobs at the site with an annual payroll of approximately $35 million prior to this expansion.<\/p>\n
Arkansas Capital Corporation and Beaty Capital Group, Inc. arranged an $18.8 million loan syndication for the refinancing and expansion of the Phoenix Center in Fort Smith. The deal closed July 29.<\/p>\n
Arkansas Capital Corporation as lead arranger and Beaty Capital Group reached agreements with nine Arkansas lenders to complete the transaction.<\/p>\n
\u201cWe and our partner banks are excited to have been a part of making this project a reality for the Fort Smith community,\u201d Hodge said.<\/p>\n
Lance Beaty, president of Beaty Capital Group, which through an affiliate has an ownership interest in FSM Holdings, said two separate locations are being modified in the Phoenix Center, one with 27,000 square feet and the other with approximately 7,500 square feet.<\/p>\n
\u201cIn addition to the expanded space, the parking lot will be reworked and several aesthetic and functional changes will be made as part of the improvement,\u201d Beaty said. \u201cFSM Holdings will be delivering some of the space for occupancy on September 1 and the remaining space on November 1 of this year.\u201d<\/p>\n
\u201cShared Services Center is not only creating new jobs, but high-wage jobs that will improve the quality of life for our fellow Arkansans,\u201d said Mike Preston, executive director of the Arkansas Economic Development Commission. \u201cFort Smith is a great example of a community that has prioritized economic development and we see the results of that focus in today\u2019s announcement.\u201d<\/p>","protected":false},"excerpt":{"rendered":"
Shared Services Center \u2013 Fort Smith, a provider of business office support functions for hospitals and healthcare facilities, will expand their presence in Fort Smith\u2019s Phoenix Center. As part of the expansion, the company is increasing personnel to accommodate increased growth.<\/p>","protected":false},"author":8,"featured_media":138502752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[109,110],"tags":[147,148],"class_list":["post-138502751","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship-foundation-news","category-lending-news","tag-fort-smith","tag-shared-services-center","entry"],"acf":[],"yoast_head":"\n