QUANTUM IN NEW YORK
New York State (NYS) has an opportunity to capitalize on the US government’s (USG’s) interest in both quantum technologies and place-based economic development, while taking a leading role both nationally and globally in this important new sector.
To secure its position as a global leader in innovation, create high-value jobs, and drive transformative growth across key industries, New York State must invest in advancing quantum computing economic development. Governor Hochul has recently taken 2 significant steps in this direction, awarding $300 million to StonyBrook University and, in January 2026, announcing an intention to fund four quantum networking innovation hubs across the state.
Quantum computing has the potential to revolutionize multiple industries that rely on computing such as finance, medical discoveries, and communications, just to name a few.
Quantum computing has the potential to revolutionize critical sectors such as finance, healthcare, manufacturing, and energy by enabling breakthroughs in secure communications, materials science, and complex problem-solving. New York’s robust semiconductor industry provides a significant competitive advantage in the race to dominate the quantum computing market, with its advanced fabrication facilities, skilled workforce, and established infrastructure critical for the development of quantum hardware. This investment would also create powerful synergies with the state’s thriving biotech and biopharma industries by accelerating advancements in drug discovery, genomics, bioprocess optimization, and personalized medicine. Early action will attract federal and private funding, foster a highly skilled workforce, and solidify the state’s position as a hub for cutting-edge technology. By building a robust quantum innovation pipeline, New York can support businesses, fuel entrepreneurship, and enhance economic resilience, ensuring it remains at the forefront of global competitiveness.
NYS is perhaps the only ecosystem with a “soup-to-nuts” potential, with capabilities and activities in the region spanning fundamental research, technology transfer and commercialization, company formation through capital markets, workforce and public policy development, and end-user adoption. Furthermore, NYS has substantial historic equities in “Quantum 1.0” technologies such as semiconductors and optics/photonics which provide a solid manufacturing and industrial base.