Magic Leap may win Broward-expansion incentives

The 3-D software developer has started moving into its new home office in Plantation

TRD MIAMI /
Nov.November 29, 2015 03:30 PM

The Broward County Commission on Tuesday will consider awarding about $1 million of incentives to 3-D software developer Magic Leap to create jobs in Broward.

The Sun-Sentinel reported that the county’s commitment would be part of $9 million package of public incentives for Magic Leap to create 725 jobs with an average annual salary of $100,000.

Magic Leap, which now employs 217 workers in Dania Beach, has started moving into its new headquarters in Plantation.

The company is renovating 260,000 square feet of commercial space at 8000 West Sunrise Boulevard, which formerly housed Motorola Mobility.

Magic Leap expects make a capital investment of $150 million in Broward, according to the county’s economic development department.

The company also has three California locations in Los Angeles, Mountain View and Santa Cruz, plus locations in Austin and Seattle and two overseas, in New Zealand and the United Kingdom.

The state would contribute $7 million of the job-creation incentive package, including $3 million from Governor Rick Scott’s Quick Action Closing Fund.

According to the Sun-Sentinel, the City of Plantation on November 4 approved more than $1 million of job-creation incentives for an unidentified company fitting the description of Magic Leap.

The company lists almost 200 job openings on its website for software engineers, game designers, Andriod app designers and cinematic animators, plus professionals in accounting, finance and human resources.

Magic Leap was founded by Rony Abovitz, co-founder of robotic-assisted surgical company Mako Surgical in Davie, which was sold for $1.65 billion in 2013 to competitor Stryker Corp.

Abovitz soon began Magic Leap, attracting venture capital interest in his line of “cinematic reality” products under development. Last year, the startup received a $542 million investment led by Google.

After Abovitz started Magic Leap, the company attracted venture capital investors interested in its line of “cinematic reality” products under development. Last year, Google Inc. led a $542 million investment in Magic Leap. [Sun-Sentinel] — Mike Seemuth


Related Articles

arrow_forward_ios
Daily Digest Miami

CoStar Group settles copyright infringement lawsuit, home sales drop in September: Daily digest

Daily Digest Miami

Feds say FIU, FDOT contractors at fault for deadly bridge collapse, Infinity Real Estate looks to sell part of Paramount Bay in Edgewater: Daily digest

IMC Equity Group CEO Yoram Izhak, and 1800 Northwest 66 Avenue (Credit: Google Maps)

IMC Equity Group snags industrial buildings in Plantation for $11M

Daily Digest Miami

PurduePharma family behind office purchase in downtown West Palm, Dwyane Wade wants out of Miami Beach manse: Daily digest

6600 Northwest 14 Street (Credit: Google Maps, iStock)

Mindful Management makes conscious Plantation purchase

Plantation gas explosion (Credit: Getty Images)

Open gas valve at closed pizzeria caused Plantation gas explosion: report

State report finds open gas valve fueled building explosion at Plantation shopping center

Plantation Pointe

Torburn Partners scores $50M construction loan for office building at former Motorola campus in Plantation

arrow_forward_ios