State pledges $74M to boost quantum industry if Colorado wins tech-hub designation

The recently introduced, bipartisan Colorado Quantum Tax Credit bill would, if passed, provide $74 million in state support for Colorado quantum industry.

The funding, however, is contingent upon Colorado — and its partners in New Mexico and Wyoming — winning designation and a “tech hub” for quantum technology research and commercialization from the U.S. Department of Commerce.

According to Gov. Jared Polis’ office, the Quantum Tax Credit bill would provide “$44 million in refundable state income tax credits to help fund the development of a shared quantum research facility for private sector and academic research collaboration, innovation, and commercialization.”

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