Round Rock City Council voted 7-0 in favor of an economic incentive for the headquarters and engineering studio of KingIsle entertainment, a video game and digital technology company. The company will have 150 employees and invest at least $ 500,000 in a 33,000 square foot facility.
KingsIsle, originally headquartered in Plano, previously operated its software development studio in Round Rock with 80 local employees. KingsIsle was acquired by in January 2021 Media and games investment, and as part of the acquisition process, the company conducted a nationwide search to find a location to consolidate its US headquarters and engineering studio.
“KingsIsle is a dynamic addition to Round Rock’s business community,” said Mayor Craig Morgan. “It’s not just a tech and computer business that important industry goal for our economic development partnership with Round rock chamber, there will also be a company headquarters. That’s a one-two for Round Rock. ”
“We are excited to consolidate and expand KingsIsle Entertainment’s presence in Round Rock while bringing in relocated employees from previous offices that are now closed in the Bay Area, Austin and Plano,” said Merv Lee Kwai, chief gaming officer of KingIsle.
Under the terms of the agreement, KingIsle is required to lease a facility in Round Rock for a minimum of three years, invest at least $ 500,000 in real estate improvements and business ownership, and create 150 primary jobs, including maintaining the company’s 80 employees on-site. KingIsle has identified 33,000 square feet of office space at 2700 La Frontera Blvd. as the location of the plant.
The positions include a diverse workforce of software engineers, developers, and primary and administrative roles with an average annual salary of $ 85,000 and extensive benefits well above the Williamson County’s average, said Jordan Robinson, vice president of economic development for the round Rock chamber.
In return for KingsIsle’s compliance with the agreement, economic incentive payments totaling US $ 100,000 will be made annually over a period of three years. The funding is financed from the city’s funds half a cent sales tax for economic development.