New FNC Headquarters to Bring New Jobs, Revenue to Mississippi

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Gov. Phil Bryant, local officials and FNC cofounders break ground on the new FNC headquarters on Highway 7 South Tuesday. / Photo by Amelia Camurati

FNC is a worldwide company that brings hundreds of jobs to Oxford, but in about a year, it will be able to provide hundreds more with a new headquarters.

Cofounder Bob Dorsey shows board of directors member Jan Farrington an artistic rendering of the future headquarters.
Cofounder Bob Dorsey shows board of directors member Jan Farrington an artistic rendering of the future headquarters.

Mississippi Gov. Phil Bryant helped break ground on the 68,000-square-foot facility that is expected to take about one year to complete and will bring about 310 new jobs to the technology sector. The new FNC headquarters is only a stone’s throw away on Highway 7 South near the current building on Office Park Drive. Right now, the land looks like a large field perfect for hunting, but the artistic renderings of the coming structure will drastically change the scenery.

FNC CEO and cofounder Bill Rayburn, along with Bob Dorsey, John Johnson and Dennis Tosh, are proud to have a strong company in north Mississippi to help boost the state’s economy.

“People ask me what I do at FNC, and it’s actually very simple: I have a fancy title, but at the end of the day, I do one thing. My job is to generate revenue, make sure that people buy our solutions,” Rayburn said.

IMG_8171Bryant has had a string of groundbreakings and ribbon cuttings in his time as governor and was jubilant to help with the ceremony for the new FNC headquarters, which will oversee offices in New York City, Detroit, Dallas, Costa Mesa, California, and Sao Paulo, Brazil. Bryant said he couldn’t wait to come back to Oxford to cut the ribbon and open this building in 2015 that could be one of the top facilities of its kind in the country.

“This will be a research and development district that I think could rival that in North Carolina,” Bryant said. “When they began to put in the research park in North Carolina in the ‘80s, people asked what in the world that was going to do. It changed the dynamic of the Carolinas. This is a dynamic change. This is going to that next level.”

FNC is a real estate collateral information technology company; offers solutions to automate appraisal ordering, tracking, documentation and review for lender compliance with government regulations.

In Bryant’s year of the creative economy, Mississippians are looking for ways to create jobs at home for themselves and their children, and Bryant said FNC is helping lead the way on that initiative.

Bryant and cofounder Dennis Tosh chat after the groundbreaking ceremony.
Bryant and cofounder Dennis Tosh chat after the groundbreaking ceremony.

“FNC is the type of company we look to for the jobs of the future for our students coming out of the University of Mississippi and they’re looking not to have to move to North Carolina or to California or New York or for heaven’s sake Texas,” Bryant said. “Now, we can say the good jobs are here.

“As I tell people about Oxford, they know little about Winchester and Caterpillar. They know even less about FNC. I think Bill likes it that way — quiet. A quiet company that does remarkable things.”

While Mississippi does have a number of manufacturing plants, the state is known for poverty, but Bryant said the concept is just an uneducated one.

“As you hear about people saying Mississippi doesn’t have any of the Fortune 500s headquartered in Mississippi — oh yes, we do. They’re just not public,” Bryant said. “They’re private companies like Ergon and FNC and a few more that we could put on that Fortune 500 list. But you know, we like it just the way it is, and we’re going to make sure they stay there.”

Bryant and other guests crowded under a tent in the cold weather Tuesday.
Bryant and other guests crowded under a tent in the cold weather Tuesday.

Jan G. Farrington of the FNC board of directors became involved in the company years ago because of the promise to provide jobs to Mississippians and improve the overall welfare of the state.

“Business can be very creative, and FNC has been one of the most creative businesses that has ever been,” Farrington said. “What are the chances that four professors at the University of Mississippi would and could build what you see over there and what you see is going to happen here? Most people would have said back in the mid-1990s, probably slim chances.

“But if you knew Bill Rayborn and Bob Dorsey and Dennis Tosh and John Johnson back then, and you knew of their varied talents, competencies, knowledge, work ethic, core values, their ability to gather very talented people around them, and if you knew of their shared vision, I think it would have changed your mind.”

Amelia Camurati is editor-in-chief of HottyToddy.com and can be reached at amelia.camurati@hottytoddy.com.

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