Aquino announces new investments in quantum coming to Humboldt Park

CHICAGO - State Senator Omar Aquino joined state leaders and EeroQ Corporation leadership to announce new investments in the company's quantum headquarters in Chicago's Humboldt Park community.

"I'm pleased that EeroQ will continue to grow in Humboldt Park, where their quantum facility expansion will house technology development and world-class workers that could make life-changing discoveries," said Aquino (D-Chicago). "The state of Illinois is making critical investments in the technology of the future with each quantum computing company we support with State-sponsored incentives."

As part of the state's comprehensive incentive package, EeroQ received an EDGE for Startups tax credit, and has committed to making a $1.1 million investment, creating five new full-time jobs and retaining eight full-time jobs.

Additionally, INVENT participated in EeroQ's recent funding round to help the company further scale its development of this crucial emerging technology. The state's investments in EeroQ illustrate the commitment to support critical sectors.

"Illinois has been an incredible place to grow our company, from the best-in-class talent pool to the visionary leadership of the state government and other organizations," said co-founder and CEO of EeroQ Nick Farina. "Quantum computing is the world's next great technological frontier with transformative implications for nearly every aspect of our lives, and I'm so grateful for the State's continued commitment to the work we're doing at EeroQ and to the Illinois quantum ecosystem."

More information about EeroQ Corporation can be found here.