Boca offers quantum computing company $500,000 if it moves HQ to city - The Palm Beach Post
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⚡ Quantum Brief
Boca Raton offered an unnamed quantum computing firm $500,000 to relocate its headquarters from California, contingent on creating 100 jobs within five years.
The incentive targets "Project Vernon," a company also evaluating North Carolina and Tennessee for its move, reflecting fierce competition for quantum tech hubs.
The deal aligns with Palm Beach County’s broader push to attract quantum computing firms, which underpin AI advancements and high-wage tech employment.
City officials await the company’s decision, though its identity remains undisclosed, adding secrecy to the high-stakes economic development bid.
The move highlights Florida’s growing ambition to become a quantum technology leader, leveraging financial incentives to compete with established tech hubs.
BOCA RATONBoca offers quantum computing company $500,000 if it moves HQ to cityThe move is the latest bid in Palm Beach County to lure quantum computer companies, whose machines power the AI economy, and their high-skilled jobs.Elisabeth GaffneySpecial to The PostJan. 12, 2026, 5:01 a.m. ETBoca Raton has agreed to give $500,000 to a quantum computing company if it moves its headquarters to the city from California and creates at least 100 jobs over the next five years.City officials have not disclosed the name of the company, which also is considering moves to North Carolina and Tennessee. The proposed relocation carries the name "Project Vernon," and city officials will now wait to hear whether the company accepts the offer.
