Description
The French-based quantum computing (QC) supplier Pasqal, recently announced that the firm will establish their U.S. headquarters within the Illinois Quantum and Microelectronics Park (IQMP) located on Chicago’s South Side. With support from the state’s Manufacturing Illinois Chips for Real Opportunity Act (MICRO) Program, Pasqal will invest more than $65 million in their first U.S. location and create 50 full-time jobs. Eventually, the location will house one of its neutral atom-based quantum systems. Pasqal cited MICRO program incentives, which includes provisions to retain income tax withholding, exemptions on utility taxes, corporate income tax credits, and credits for training new employees, as a key driver in their decision.
