A financial services company based in Dell Rapids said it plans to more than double the size of its headquarters and add jobs.
June 28th, 2018 - Prepaid debit card issuer Central Payments said Thursday it is expanding to meet demand for its products. The company issued nearly 500,000 cards in 2017 and is projecting to more than double that amount this year.
The company plans to hire 15 new "professional-level" employees over the next two years, bringing its workforce to 40.
Central Payments plans to extend its lease another four years and double its square footage by expanding into the western half of its current location in the Rocky Run development of Dell Rapids.
“Our home here and the support of everyone in Dell Rapids is a big part of our success,” said Central Payments President Trent Sorbe, in a news release. “Choosing to expand locally was an easy decision.”
The expansion is expected to be completed soon, with a grand opening to follow.
Central Payments is a division of Central Bank of Kansas City. Central Payments was formed in 2014 and opened its doors in Dell Rapids the next year, in close proximity to Sioux Falls, a hub for the payment card issuance business.
“It’s rare for a community the size of Dell Rapids to be home to a growing, nationwide financial services company,” said Doug Hainje, president of Dell Rapids Economic Development Corporation, in a news release. “Central Payments’ workforce is predominantly made up of college-educated, salaried professionals who spur our local economy by shopping and living here.”
Written by Jeremy Fugleberg at the Argus Leader
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