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February 5, 2020 - BOCA RATON, FL - The Business Development Board of Palm Beach County (BDB), in cooperation with Enterprise Florida, the Florida Department of Economic Opportunity, the City of Boca Raton, and Palm Beach County Board of County Commissioners, is pleased to announce the relocation of Misfits Gaming Group, an esports and gaming leader in the information technology industry. The company will create 30 new jobs with average salaries of $95,500, investing over $1.35 million into its new 18,000 sq. ft. corporate headquarters in Boca Raton.
“Thanks to the state of Florida, we’re excited to be opening our headquarters in Boca Raton next year,” said Ben Spoont, CEO and co-founder of Misfits Gaming Group. “Boca Raton will be our base of operations for our global esports teams, as well as our 2 Florida-based franchised esports teams, the Florida Mayhem and Florida Mutineers. Through these local teams, we’ll be running several large-scale esports events in the state throughout the year, in addition to college tournaments and community events. It’s our goal to help grow the esports and gaming communities in Florida. We want to provide a platform for gamers to connect with each other, and give young professionals a path into the industry.”
“Thanks to the support of Governor DeSantis and the Legislature’s pro-business policies, more and more companies are looking to Florida for their business growth needs,” said Jamal Sowell, President & CEO of Enterprise Florida, Inc. “Enterprise Florida is thrilled to welcome Misfits Gaming Group to Palm Beach County and we wish them much success.”
“This is great news for Boca Raton and the state of Florida,” said Executive Director Ken Lawson of the Florida Department of Economic Opportunity. “We are proud to be a part of the overwhelming success communities throughout Florida are experiencing as they welcome new businesses that are providing new jobs and opportunities for Floridians.”
“With an average salary of $95,500, Misfits Gaming Group will bring tremendous value to Palm Beach County’s economy. The Business Development Board appreciates the support of Enterprise Florida, the Florida Department of Economic Opportunity, the City of Boca Raton, and Palm Beach County Board of County Commissioners,” said Kelly Smallridge, President and CEO, Business Development Board.
"The City of Boca Raton was more than happy to support the relocation of Misfits Gaming Group and is excited to have a global gaming leader headquartered here," said Mayor Scott Singer, Mayor of Boca Raton.
Misfits Gaming Group will consolidate operations from Los Angeles, California, and Berlin, Germany, and establish its new national headquarters location in Palm Beach County. The Business Development Board assisted Misfits Gaming Group by making the right local connections and providing access to incentives through the State, County, and City. A QTI tax refund was secured from the state of Florida for $210,000 through Enterprise Florida and the Florida Department of Economic Opportunity. In addition to the QTI tax refund, Misfits Gaming Group was awarded a $21,000 Job Growth Incentive Grant from Palm Beach County to be applied with matching funds from the City of Boca Raton. Misfits Gaming was represented in the lease transaction by CBRE’s Will Portfolio, Vice President.
About Misfits Gaming Group (MGG): Misfits Gaming Group (MGG) is a global esports and entertainment company. We compete in some of the most successful video game titles worldwide and are permanent partners in three franchised esports leagues: Riot Games' European League of Legends Championship Series (Misfits Gaming), Activision-Blizzard's Overwatch League (Florida Mayhem), and Activision-Blizzard's Call of Duty League (Florida Mutineers). Additionally, MGG has launched the $10M incubator and seed fund MSF/IO which is positioned to invest into the next generation of esports and gaming entrepreneurs. MGG utilizes world-class management and a deep understanding of the esports ecosystem to capitalize on the rampant global enthusiasm for esports and establish fruitful partnerships with international brands and organizations.
About Business Development Board: The Business Development Board of Palm Beach County is the official public/private economic development organization for Palm Beach County and Enterprise Florida. Founded in 1982 as a not-for-profit corporation, our primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. During the past five years, the BDB has assisted companies that have created more than 12,822 direct jobs with average salaries greater than $69,062, resulting in more than $777 million in capital investment to Palm Beach County and an economic impact that exceeds $6.87 billion. Additional information can be found at the BDB’s web site, BDB.org.
For Media Inquiries
Misfits Gaming Group Contact: Christina Kelly at firstname.lastname@example.org
Business Development Board Contact: Kristen Boyd at email@example.com