As part of the agreement, video game developer Kingsisle Entertainment will invest a minimum of $500,000 on real property improvements and business personal property. The company will lease a 33,000-square-foot facility at 2700 La Frontera Blvd. and bring 150 jobs to the city with an average salary of $85,000 over the course of three years, per the agreement.
Jordan Robinson, interim Round Rock Chamber president and CEO, said bringing technology and computing companies to the city was identified as a strategic goal by the city.
A representative of Kingsisle's parent company, Gamigo, said the company closed Kingsisle offices in anticipation of locating a new home for its headquarters.
“We’re excited to solidify and grow KingsIsle Entertainment’s footprint in Round Rock while incorporating relocated staff from previous offices now decommissioned in the Bay Area, Austin, and Plano,” Chief Gaming Officer Merv Lee Kwai said in a statement shared by the chamber.
The facility at 2700 La Frontera Blvd. will be the new headquarters for the company that has developed online roleplaying games, such as "Wizard101" and "Pirate101." It was originally headquartered in Plano and held development offices in Round Rock before being acquired by Media and Games Invest in January. Previously, Kingsisle operated a 19,000-square-foot facility in Round Rock that employed 80 local employees, according to the chamber.
The TEDC will make annual economic incentive payments totaling $100,000 for each of the three years of the agreement once it begins occupying the facility. The performance-based agreement does allow for clawbacks, or stipulations requiring money to be returned, should Kingsisle not fulfill its end of the deal.