Pritzker champions quantum technology, state senator advises caution on potential financial implications for taxpayers
In the realm of technological advancements, Illinois is making a significant move to attract quantum computing companies. Gov. J.B. Pritzker, speaking at the Quantum World Congress in Virginia, encouraged quantum computing firms to consider relocating to Chicago and Illinois.
At the heart of this quantum revolution in the Windy City is the Illinois Quantum and Microelectronics Park (IQMP), a collaboration hub supported by the Illinois government. The park is a melting pot for key quantum computing stakeholders, including Fortune 500 businesses, startups, government agencies, world-renowned researchers, and scientists.
Brian DeMarco, a professor of physics, Director of the Illinois Quantum Information Science and Technology Center, and Director and Chief Technology Officer at the IQMP, speaks of the potential of quantum computers. According to him, these computers can solve problems that would take too long on any other supercomputer. One of the potential applications he mentions is in balancing the energy grid and predicting capacity needs in different parts of the state.
However, not everyone is convinced about the financial implications of this quantum leap. State Sen. Sue Rezin has expressed concerns about the costs associated with attracting quantum computing companies, particularly for ratepayers and taxpayers. She emphasizes the importance of careful negotiation of deals to ensure affordability.
It's worth noting that Illinois has already provided tax incentives worth tens of millions of dollars to quantum corporations. The state, with the second-highest number of Fortune 500 companies of any region in the nation, is no stranger to such investments.
Adding to Illinois' quantum computing ecosystem is Duality, the nation's first quantum startup accelerator, located within the state.
Sen. Rezin acknowledges the arrival of the quantum movement in Illinois but remains cautious about the costs. She believes that once quantum computing is fully developed, it may solve problems that have been difficult to address for decades. However, she stresses the need for careful consideration to ensure the costs are manageable for the state's residents.
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