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Boca Raton offers $500K to lure quantum computing company from California - WFLX

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A publicly traded quantum computing company, codenamed “Project Vernon,” may relocate its headquarters from California to Boca Raton, Florida, after receiving a $500,000 local incentive proposal. The move would create 100 high-paying jobs—each with a minimum $125,000 salary—over five years, boosting the region’s tech workforce and economic growth. Florida’s state government has also pledged over $6.6 million in incentives, sweetening the deal for the unnamed firm, which had considered Tennessee and North Carolina as alternatives. Boca Raton’s City Council will vote on the $500,000 incentive package during its upcoming Tuesday meeting, determining whether the relocation proceeds. The company’s potential arrival underscores Florida’s aggressive push to become a hub for quantum computing, competing with other tech-friendly states.
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Officials in Boca Raton are proposing to offer an unnamed tech company up to $500,000 in incentives to relocate its headquarters to the city. Dubbed “Project Vernon,” city documents said the business is a “publicly traded quantum computing company” currently headquartered in California but planning to relocate to Boca Raton. If the company moves to Boca Raton, it will create 100 new jobs over the next five years, according to the city.These jobs would have salaries of at least $125,000. City documents indicate the state of Florida has also issued an incentive letter to the same company, totaling more than $6.6 million. Before selecting Boca Raton, the tech company was also considering relocating to Tennessee or North Carolina.

The Boca Raton City Council will vote on the incentive package for “Project Vernon” at Tuesday’s city council meeting.Copyright 2026 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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