Colorado Approves $14.7 Million for 225-Job Quantum Center as Boulder Battles Chicago
Updated
Updated · The Denver Post · Jul 17
Colorado Approves $14.7 Million for 225-Job Quantum Center as Boulder Battles Chicago
1 articles · Updated · The Denver Post · Jul 17
Summary
$14.7 million in state incentives was approved for "Project Laser," including $4.43 million in job-growth tax credits tied to 225 new jobs averaging $232,021 a year.
$9 million of the package can be paid as a direct cash refund because the startup may lack state tax liability, drawing on Colorado's CHIPS refundable credit program through fiscal 2028.
The company is expected to invest $158 million in an 80,000- to 100,000-square-foot R&D center, most likely in Boulder, though Chicago is also competing for the project.
Details in the filing point to Atom Computing, a Berkeley-based quantum firm that already has about 85 of its 130 employees in Boulder and recently raised $200 million.
The award extends Boulder's push to cement itself as a U.S. quantum hub after Google Quantum AI and IonQ both expanded there earlier this year.