KISSIMMEE, Fla. — The Osceola County Commission approved an agreement allowing Belgium-based semiconductor company Magics Technologies to rent space at NeoCity.
The agreement, approved unanimously during Monday night’s County Commission meeting, gives Magics Technologies a 36-month lease at the county’s technology campus.
The company will pay $11,286 annually to rent the space.
Magics Technologies is known for creating radiation-hardened microchips.
In a statement, a company spokesperson said Magics Technologies is excited to “become part of Osceola County’s growing semiconductor ecosystem.”
“NeoCity offers a compelling combination of advanced infrastructure, industry expertise, research partnerships, and access to engineering talent through institutions such as the University of Central Florida and the University of Florida,” Anton Quiroz said.
Magics Technologies officials also said the proximity to the Space Coast made Osceola County a strong fit for the company’s U.S. office.
Osceola County leaders have been working to attract technology and semiconductor companies to NeoCity as the campus continues to grow.
In recent months, the County Commission approved the NeoCity Center project, which has not yet been built but is expected to include restaurants, a hotel and other campus features.
The county also approved an agreement to build the global headquarters for South Korean company ELSPES at NeoCity.
Construction on that project is expected to begin in January.
Osceola County Commission Chairman Brandon Arrington said the county’s partnerships with international companies are part of a broader effort to strengthen the local technology sector.
“A lot of nanotechnology and microchips are currently made across these and other foreign countries,” Arrington said. “That’s why it’s important to partner with those industries, with the immense instability that we’re seeing throughout the globe. That’s why making an investment here in Osceola County and NeoCity is so much more viable.”
Arrington said those partnerships are also connected to job creation for people who live in Osceola County, and those who may move to the area as NeoCity expands.
“When we started our development in NeoCity, we understood that there would be about 1.2 million jobs created in the nanotech industry, in the microelectronic industries, over the next 15 years,” Arrington said. “That’s why we made our investments, but we also understand the global importance of that investment.”