• Thu, December 12, 2024
  • Fri, December 13, 2024

Quantum Park, approved by City Council, adds IBM as newest tenant

Backed by $25 million in state grants, IBM announced plans to build the National Quantum Algorithm Center at the long-dormant South Works site.
The article from the Chicago Tribune, published on December 12, 2024, discusses the Chicago City Council's unanimous approval of IBM's proposal to develop Quantum Park, a new technology hub focused on quantum computing. This initiative aims to position Chicago as a leader in quantum technology, promising to bring significant economic benefits, job creation, and advancements in research and development. IBM plans to invest heavily in the project, which includes building state-of-the-art facilities for quantum research, educational programs, and partnerships with local universities and tech companies. The project has received widespread support for its potential to drive innovation and attract top talent in the field of quantum computing.

Read the Full Chicago Tribune Article at:
https://www.chicagotribune.com/2024/12/12/quantum-park-ibm-city-council-approval/