BraveDog Games Announces $15 Million Dollar State-Of-The Art Innovation Center With LeMoyne-Owen College Community Development Corporation.
BraveDog ® Games as a part of the company’s strategic business unit gaming expansion has granted the Lemoyne-Owen College Community Development Corporation (LOC CDC) one of its North American franchise licenses to construct and establish the BraveDog ® Video Gaming Innovation Center (BDIC). This announcement supports the $100 million dollar growth and expansion that was announced by the company in the fall of 2018.
“…We envision LOC CDC and the greater Memphis area becoming a catalyst for innovation within the video games and eSports industries…”
Dustin Mack, chief executive officer of BraveDog ® Games and co-founder of BraveDog Games Innovation Center, stated, “We as a company are ecstatic about this partnership and we applaud executive director, Jeffrey Higgs, and LOC CDC for the amazing work that they do within the community. With our mission of providing underrepresented communities with access to the video game industry in focus, we envision LOC CDC and the greater Memphis area becoming a catalyst for innovation within the video games and eSports industries and as a company and all of our partners are fully committed to this initiative.”
The U.S. video game industry tops over $43.8 billion in revenue, employs more than 220,000 people and creates high-paying jobs and generates revenue across communities. According to the Entertainment Software Association (ESA), “employment in the video game industry created an average compensation of $97,000 per year in 2015 and has grown 2.9 percent, which has doubled the average U.S. job market.” In fact, the Fortnite video game generated over $2 billion dollars in sales in 2018.
The BDIC will be housed in nearly 2,000 square feet of space and is expected to have an estimated $15 million dollar economic impact in the South Memphis and Downtown areas. The BDIC will feature the following: a premium video game lounge, state-of-the art eSports arena, eSports academy, merchandise retail store, student video game development training facility, private investors ideation pitch room, entrepreneurial training center, workspace and a financial literacy center.