Colorado gunning for another quantum computing center

Colorado is positioned to secure another significant win in the quantum computing sector. The state’s Economic Development Commission recently approved over $14 million in tax incentives for an initiative codenamed Project Laser, which is widely expected to be Atom Computing. This project focuses on building a major research and development center to accommodate the company’s growth beyond its current Boulder laboratory.

The proposed facility represents a $158 million investment, occupying up to 100,000 square feet. The state incentive package includes $4.43 million in Job Growth Incentive Tax Credits tied to the creation of 225 high-paying jobs. With an average annual wage of $232,021, these roles offer compensation levels well above state benchmarks.

While Boulder remains a central hub for this development, competition for the facility is active. Chicago is currently vying for the project, positioning itself as a rival to Colorado's standing in the industry. Atom Computing, originally based in Berkeley, has already established a significant presence in Boulder, where much of its workforce operates.

Funding for this move is supported by a robust recent capital raise. The company secured $200 million earlier this year, including a federal grant and venture capital. The state’s contribution also taps into the CHIPS Refundable Tax Credit Program, which allows companies without current tax liabilities to receive direct cash refunds to support development.

This move highlights the ongoing rapid expansion of the local quantum ecosystem. Other entities, such as Google Quantum AI and IonQ, have also expanded their footprint in the region this year. The decision to finalize the site location will determine if Colorado maintains its status as the premier destination for neutral-atom hardware research.