Pritzker touts quantum future, state senator urges caution for taxpayers

Pritzker touts quantum future, state senator urges caution for taxpayers

Spread the love

(The Center Square) – Gov. J.B. Pritzker is touting Illinois as a destination for quantum computing companies, but a state senator says it’s important to be conscious of taxpayers and ratepayers.

The governor spoke Thursday at the Quantum World Congress in Virginia and encouraged attendees to relocate to Chicago and Illinois.

“We have Duality, which is the nation’s first quantum startup accelerator,” Pritzker said. “We have the second-highest number of Fortune 500 companies, the customers for quantum, of any region in the nation.”

Pritzker said key quantum computing stakeholders are collaborating at the Illinois Quantum and Microelectronics Park in Chicago.

“Fortune 500 businesses and startups, government agencies, world-renowned researchers and scientists are coming together to do foundational work on quantum hardware and software applications,” Pritzker said.

State Sen. Sue Rezin, R-Morris, said quantum is incredibly important, but elected officials must be careful.

“It all depends on how the deals are negotiated,” Rezin told The Center Square. “We want to be conscious about the costs, especially on the ratepayers, on the taxpayers, very important.”

Illinois has given tens of millions of dollars in state tax incentives to quantum corporations.

Brian DeMarco is professor of physics and Director of the Illinois Quantum Information Science and Technology Center at the University of Illinois’ Grainger College of Engineering. He also serves as director and chief technology officer at Illinois Quantum and Microelectronics Park in Chicago.

DeMarco said quantum computers can solve problems that would take too long on any other supercomputer that could be built.

“Some of those types of problems are the types of problems related to balancing the energy grid and predicting what capacity is needed in what parts of the state,” DeMarco told The Center Square.

Rezin agreed that the quantum movement has arrived in Illinois.

“It is fair to say that, once it is built out, that many of the problems that we’ve been trying to solve in the past for decades might be able to be solved with quantum computing,” Rezin explained.

Events

No events

Leave a Comment





Latest News Stories

Stock market weathers Fed governor's attempted firing well

Stock market weathers Fed governor’s attempted firing well

By Morgan SweeneyThe Center Square Tuesday’s stock market remained little changed from Monday, despite President Donald Trump’s attempted termination of Federal Reserve Governor Lisa Cook on Monday evening. The major...
WATCH: Police officer, legislator: Seize opportunity to reform Illinois’ cashless bail

WATCH: Police officer, legislator: Seize opportunity to reform Illinois’ cashless bail

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois Republicans want to change the state's no-cash bail law. Democrats say cashless bail is working. President...
Trump proposes returning death penalty to D.C.

Trump proposes returning death penalty to D.C.

By Sarah Roderick-FitchThe Center Square Capital punishment could be returning to Washington, D.C., as President Donald Trump announced during a cabinet meeting on Tuesday. “Anybody murders in the capital? Capital...
WATCH: IL Hospital Association: $50B rural hospital fund ‘woefully inadequate’

WATCH: IL Hospital Association: $50B rural hospital fund ‘woefully inadequate’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker continues sounding the alarm over federal health care subsidies as the White House...
Arizona, Nevada pay less at the pump than California

Arizona, Nevada pay less at the pump than California

By Zachery SchmidtThe Center Square Gas prices in Arizona and Nevada are cheaper than in California for several reasons, according to American Automobile Association spokesperson John Treanor. Factors vary from...
EEOC celebrates 200 days of protecting religious freedom under Trump

EEOC celebrates 200 days of protecting religious freedom under Trump

By Tate MillerThe Center Square The Equal Employment Opportunity Commission is celebrating the ways they’ve protected religious freedom in the workplace over Trump’s past 200 days in office. “These efforts...
U.S. mining operations discarding rare minerals at center of trade talks

U.S. mining operations discarding rare minerals at center of trade talks

By Brett RowlandThe Center Square U.S. mining operations are discarding valuable minerals needed for everything from electric vehicles to missile defense systems that could reduce U.S. dependence on foreign nations....
Duffy warns states to enforce English proficiency requirements for truckers

Duffy warns states to enforce English proficiency requirements for truckers

By Sarah Roderick-FitchThe Center Square California, New Mexico and Washington could risk losing federal funding if they fail to enforce English language proficiency requirements for commercial motor vehicle drivers, U.S....
Illinois quick hits: Chicago businesses at 10-year low; school admin survey closes soon

Illinois quick hits: Chicago businesses at 10-year low; school admin survey closes soon

By Jim Talamonti | The Center SquareThe Center Square Chicago businesses at 10-year low The number of businesses operating in Chicago has reached a 10-year low. Citing city license data,...
Pritzker unveils Illinois LGBTQ hotline amid debate over transgender athletes

Pritzker unveils Illinois LGBTQ hotline amid debate over transgender athletes

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Reports of a transgender student being accepted onto the Conant High School girls volleyball team has...
WATCH: Trump ends funding for cashless bail policies, hedges on Guard deployment to Chicago

WATCH: Trump ends funding for cashless bail policies, hedges on Guard deployment to Chicago

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares some of...
Hochul pushes back on Trump's cashless bail funding threat

Hochul pushes back on Trump’s cashless bail funding threat

By Chris WadeThe Center Square New York Gov. Kathy Hochul is pushing back on President Donald Trump's "reckless" push to do away with cashless bail, saying the move to withhold...
Education Department finds GMU Violated Title VI

Education Department finds GMU Violated Title VI

By Esther WickhamThe Center Square The U.S. Department of Education’s Office for Civil Rights announced George Mason University violated federal law by hiring and promoting staff based on race and...
Redistricting opponents immediately appeal to CA voters

Redistricting opponents immediately appeal to CA voters

By Dave MasonThe Center Square Opponents of California’s congressional redistricting argued their case in ads that voters received in their mail immediately before or after the Legislature approved a constitutional...
Former Transportation Secretary urges state taxpayer funding for Chicago transit

Former Transportation Secretary urges state taxpayer funding for Chicago transit

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A former U.S. transportation secretary says Downstate Illinois residents should help fund Chicago transit, but a Metro...