PRA Group's Kevin Stevenson Gives Virginia Chamber's Capstone Speech on Investing in Education

Rhea-AI Summary

PRA Group, Inc. (PRAA) President and CEO Kevin Stevenson delivered a keynote at the Virginia Chamber's 2022 Education and Workforce Conference, attended by over 400 leaders. Stevenson emphasized the need for private sector investment in education to strengthen Virginia's workforce. He proposed three key initiatives: enhancing pathways to in-demand careers, creating equitable philanthropic partnerships, and collaborating with higher education institutions. PRA Group, headquartered in Norfolk, has been committed to Virginia's economic growth for over 25 years, supporting local organizations and promoting work-based learning opportunities.

Positive

• Stevenson's focus on investing in education aligns with fostering a sustainable workforce in Virginia.
• PRA Group promotes work-based learning and has initiated internship and apprenticeship programs.

Negative

• None.

NORFOLK, Va., Oct. 11, 2022 /PRNewswire/ -- Today Kevin Stevenson, president and CEO of PRA Group, Inc. (Nasdaq: PRAA), delivered the keynote address at the Virginia Chamber of Commerce's 2022 Virginia Education and Workforce Conference in Richmond, Va., on behalf of Virginia's business leaders.

The conference, which was attended by more than 400 leaders in education, business, government and the community, focused on positioning Virginia's workforce for success.

With its global headquarters in Norfolk, Virginia, PRA Group is a publicly traded company that has grown to become one of the largest acquirers of nonperforming loans in the world. For more than 25 years, the company's headquarters have remained in Virginia, where, among its 18 locations in Europe, the Americas and Australia, it has established its largest workforce.

A co-founder of PRA Group, Stevenson has made a long-term investment in Virginia's economic development and growth. His speech focused on the pivotal role education plays in strengthening and producing a sustainable and viable talent pipeline within the Commonwealth. Stevenson called the private sector to action, encouraging business leaders to invest in three main areas:

• Pathways to in-demand careers through work-based learning and internships,
• Philanthropic partnerships that create an economy for all based on equitable access, 
• And strategic collaboration with higher education to create career pathways.  

"The fact of the matter is, when Virginia companies contribute to education, we ensure the growth and longevity of our businesses. Our investments in education, nonprofits committed to access and enrichment and work-based learning opportunities are investments in the economic growth of Virginia. Let's leverage the resources we have here in Virginia to build the best workforce in the nation!" Stevenson said in his keynote.

Stevenson has led PRA Group in this philosophy since the company's founding in 1996. In Virginia alone, the global company supports organizations such as ACCESS College Foundation, An Achievable Dream and Junior Achievement of Greater Hampton Roads in addition to sponsoring STEM learning opportunities such as Virginia Living Museum's Amazing Pollinators exhibit and Old Dominion University's (ODU) Data Science Summer Camp. PRA Group also funds ODU's Strome College of Business and is a member of the 757 Regional Internship Collaborative and the RVA 757 Connects initiative.

PRA Group also hosts a paid summer internship program to promote work-based learning and recently launched an IT apprenticeship program for employees to explore pathways to in-demand careers.

To learn more about PRA Group's commitment to making an impact in Virginia and around the world, visit: https://www.pragroup.com/news-and-stories/.

About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group returns capital to banks and other creditors to help expand financial services for consumers. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.

News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
757) 961-3525
Elizabeth.Kersey@PRAGroup.com

Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com

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SOURCE PRA Group

FAQ

What did Kevin Stevenson discuss at the Virginia Education and Workforce Conference?

Kevin Stevenson emphasized the importance of private sector investment in education to strengthen Virginia's workforce.

What are the three areas of investment proposed by PRA Group's CEO?

The three areas are work-based learning pathways, equitable philanthropic partnerships, and collaboration with higher education.

How long has PRA Group been headquartered in Virginia?

PRA Group has been headquartered in Norfolk, Virginia, for over 25 years.

How does PRA Group contribute to the local community?

PRA Group supports local organizations and initiatives that promote education and workforce development.