Infleqtion CEO Matthew Kinsella, who displayed one of his company\u2019s \u201cquantum cores\u201d at a news conference Wednesday, said in a follow up interview that the technology is already more effective than traditional methods at sensing time, radio waves and inertia.<\/p>\n
\u201cThere\u2019s these other products that neutral atoms can build that have real quantum advantage today, like our optical quantum clocks or our quantum RF antennas or the ability, ultimately, to navigate without GPS,\u201d Kinsella said. \u201cThat\u2019s truly valuable today.\u201d<\/p>\n
The company is set to receive $5.3 million in tax credits from Illinois as part of its expansion in the state. The tax break is through the state\u2019s Manufacturing Illinois Chips for Real Opportunity, or MICRO, program.<\/p>\n
PsiQuantum, the first \u201canchor tenant\u201d at IQMP and a major quantum technology company, received the first MICRO tax credit last year, the value of which the state pegs<\/a> at about $92.1 million.<\/p>\n Diraq, IBM and the U.S. Department of Defense have all also announced plans in the past year to set up or expand existing facilities in Chicagoland.<\/p>\n Quantum shore<\/strong><\/p>\n It\u2019s all part of Gov. JB Pritzker\u2019s plan to make Illinois \u201ca global capital for quantum computing.\u201d<\/p>\n \u201cWe have made an aggressive pitch to this burgeoning industry: Come build the future right here in the state of Illinois,\u201d Pritzker said Wednesday.<\/p>\n That pitch has been backed by significant state funding. Last year, the legislature allocated $500 million for a \u201cquantum campus\u201d development, which eventually became the IQMP. The PsiQuantum deal alone cost the state another $200 million, including its MICRO tax credit.<\/p>\n The quantum park, which is set to break ground this year, has attracted significant attention from the quantum industry.<\/p>\n Kinsella said the U.S. has three main hubs of the quantum industry: Chicago, Boston \u00a0and Boulder, Colorado.<\/p>\n \u201cAnd Chicago is emerging as one of, if not the, lead of those,\u201d Kinsella said, noting that Pritzker\u2019s vocal support, the state\u2019s financial backing and the cost of living in Chicago have contributed to that.<\/p>\n Read more:<\/strong> Quantum business park coming to Chicago, backed by $700M from state of Illinois<\/strong><\/a><\/p>\n The announcement was made at the first \u201cGlobal Quantum Forum,\u201d a two-day conference organized by the think tank Chicago Council on Global Affairs as well as the economic development organizations P33 and Intersect Illinois.<\/p>\n The event included representatives of dozens of quantum companies, as well as representatives of labor groups, academic institutions and other economic development organizations.<\/p>\n Intersect Illinois CEO Christy George noted that Chicagoland\u2019s two national labs and universities have contributed to Chicago\u2019s growing reputation in the quantum world. She also noted that the University of Illinois Urbana-Champaign produces \u201cmore engineers than CalTech, MIT and Stanford combined.\u201d<\/p>\n \u201cOur region clearly has the talent, the infrastructure and the resources to lead the quantum revolution,\u201d Intersect Illinois CEO Christy George said.<\/p>\n Local reactions<\/strong><\/p>\n The development of the IQMP has sparked positive and negative reactions from community leaders in the neighborhoods surrounding the planned site.<\/p>\n As attendees arrived at the Global Quantum Forum at a venue in downtown Chicago, a handful of protestors from Chicago\u2019s Southeast Side waited outside.<\/p>\n \u201cIt\u2019s a former brownfield that still needs to be cleaned up and the community is worried what\u2019s already in it,\u201d Amalia NietoGomez, executive director of Alliance of the SouthEast told Capitol News Illinois at the demonstration.<\/p>\n Anne Holcomb, an activist from Chicago\u2019s Far South Side, holds signs outside the Global Quantum Forum in Chicago.<\/p>\n Capitol News Illinois photo by Andrew Adams<\/p>\n While NietoGomez called for a \u201ccommunity benefits agreement\u201d \u2014 a binding contract to provide certain benefits to a community around a development \u2014 several people involved in the IQMP defended the project\u2019s benefits.<\/p>\n \u201cThere have been attempts to do things on that site that have not panned out,\u201d Pritzker said. \u201cThis has hypercharged, supercharged an endeavor to bring jobs, to bring economic opportunity to the area.\u201d<\/p>\n Chicago Alderman Peter Chico, who represents the area, said that there has been a \u201cgood level\u201d of community involvement in the project so far. He pointed to several community meetings and meetings with individual community groups.<\/p>\n Chico also noted that the interest in quantum technology has already provided benefits to the community. Fermilab recently ended a 10-week-long program that offered lessons in \u00a0quantum physics and engineering. Several students, according to Chico, have since started internships in the \u201cquantum ecosystem.\u201d<\/p>\n \u201cThe educational component is most important to me,\u201d Chico said. \u201cThat\u2019s where we got community buy-in. When you talk to parents, that\u2019s where you see their eyes open up and their ears perk up.\u201d<\/p>\n Capitol News Illinois<\/a> is a nonprofit, nonpartisan news service that distributes state government coverage to hundreds of news outlets statewide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation.<\/p>\n This article<\/a> first appeared on Capitol News Illinois<\/a> and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"CHICAGO \u2014 Another company is joining the state-backed research and business facility on Chicago\u2019s South Side. Colorado-based Infleqtion,…\n","protected":false},"author":3,"featured_media":99742,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5124],"tags":[64,960,9879,5386,1818,50],"class_list":{"0":"post-99741","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chicago","8":"tag-business","9":"tag-chicago","10":"tag-evening_digest","11":"tag-il","12":"tag-illinois","13":"tag-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114931685327010973","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/99741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=99741"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/99741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/99742"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=99741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=99741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=99741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/p>\n