Chantel Ray to Launch National Franchise from Virginia Beach New headquarters and 87 New Jobs Created with Expansion
September 20, 2016
Chantel Ray, a woman-owned residential real estate company founded in 2011, has announced plans to relocate its corporate headquarters within Virginia Beach and expand to a national franchise operation. The expansion will create 87 new jobs. The company has purchased 5308 Indian River Road in Virginia Beach, which includes a 3,652-square-foot building. The new location will serve as its national headquarters. It will continue to operate its other Hampton Roads offices in Virginia Beach, Chesapeake and Newport News. Chantel Ray currently has 125 real estate agents and 24 salaried employees. It will add 70 new real estate agents and 17 new salaried employees with salaries above $39,117 for the expanded franchise program. The Virginia Beach Development Authority has approved an Economic Development Investment Program grant in the amount of $20,000 based on the number of jobs created. Additionally Chantel Ray will make a capital investment of $620,000 for real estate, fixtures, equipment, machinery and tools. "Virginia Beach has been an excellent launching pad for Chantel Ray, and we know the company will continue to grow through this national program and its leadership," said Virginia Beach Economic Development Director Warren D. Harris. "We are proud to support this woman-owned business and retain the corporate headquarters in Virginia Beach." "We are so excited that the Virginia Beach Economic Development Authority's approved the grant to help the company continue to expand in the Virginia Beach area," said Chantel Ray Finch, broker. "We want to employ veterans and Virginia Beach residents as we expand, and we believe this grant will help us achieve our growth goals." Chantel Ray has grown because of its focus on the customer and consistent levels of service. The company guarantees to sell your home in 90 days or the commission is free. Agents are in the office 8am – 9pm every day so clients can get questions answered immediately, and listings never miss a showing call. For more information, visit www.chantelray.com. The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 450,000, and it is the 37th largest in the United States. It is recognized as one of the Best Run Cities in America by 24/7 Wall St. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2012 and is one of only 50 economic development organizations in the world to have this recognition. It is listed among the Top Five Overall Mid-sized American Cities of the Future, Top 10 for Economic Potential and Top Five for Infrastructure by fDi magazine. CNNMoney.com ranked Virginia Beach as the Easiest Place to Start a Business and the 2nd Most Business-Friendly City in the country. For more information, visit www.yesvirginiabeach.com.# # #
