Florida’s Emerging Role in the Quantum Economy

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Insider Brief

  • Florida crossed a structural inflection point in quantum development as coordinated corporate moves, academic investments, workforce initiatives, and capital alignment converged within a single week.
  • IonQ’s planned acquisition of SkyWater Technology, D-Wave’s headquarters relocation and R&D expansion in Boca Raton, and Florida Atlantic University’s $20 million on-site quantum system collectively anchored both commercial and institutional quantum capacity in the state.
  • Workforce programs led by Palm Beach State College, combined with Palm Beach County’s proven economic development framework and growing focus on advanced computing investment, signal a deliberate shift from quantum ambition to execution.

PRESS RELEASE — Last week marked a quiet but consequential inflection point for quantum activity in Florida. Not through a single announcement or headline-grabbing pledge, but through a sequence of coordinated moves – corporate, academic, and institutional – that together signal a region moving from aspiration to structure.

The signal came early in the week. IonQ announced its intention to acquire  SkyWater Technology, a deal set to create one of the most vertically integrated quantum platforms in the industry. While national in scope, the transaction carries specific relevance for Florida: SkyWater maintains operations in the state, placing Florida directly within IonQ’s evolving hardware and manufacturing footprint. At a moment when quantum supply chains are still forming, the deal reinforces Florida’s role as part of that emerging industrial base.

That context mattered, because what followed was distinctly local.

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On January 27, D-Wave announced it will relocate its corporate headquarters and establish a major U.S. research and development facility in Boca Raton. The decision represents more than a headquarters move. It anchors commercial quantum activity in South Florida and reflects confidence that the region can support sustained R&D, talent recruitment, and industry collaboration.

The same day, Florida Atlantic University announced a $20 million purchase of a D-Wave quantum system, positioning FAU as Florida’s first university to host a dedicated, on-site quantum computer. The system will support applied research, public-private collaboration, and workforce development through FAU’s FAQT, with an emphasis on practical use cases and industry engagement rather than purely theoretical research. In effect, the university move complements the corporate one—pairing hardware access with institutional capacity.

Workforce development rounded out the picture. In the days that followed, Palm Beach State College detailed plans for a quantum-focused workforce and innovation initiative in downtown West Palm Beach. The effort expands beyond higher education into technician training, reskilling, and K–12 STEM pathways, reinforcing the idea that quantum readiness is not limited to PhDs, but requires a layered talent pipeline.

Importantly, this shift is building on a proven economic development foundation. Palm Beach County’s Wall Street South initiative – launched in 2011 by the Business Development Board of Palm Beach County (BDB) – has already demonstrated a strong track record, helping attract and retain more than 250 financial services firms over the past decade. That success provided not just credibility, but a repeatable playbook for aligning capital, talent, and institutions.

Today, that same framework is increasingly being applied to advanced computing. The BDB has begun setting its sights on quantum technologies, aligning academic investments, corporate relocations, and workforce initiatives under the broader banner of Florida Quantum. Alongside this evolution is Quantum Coast Capital, a nationally oriented quantum investment firm headquartered in Palm Beach County. While its mandate is global, its presence locally helps connect capital with emerging startups, research institutions, and commercial operators—supporting the long-term goal of funding and scaling quantum companies within Florida’s growing ecosystem.

Taken together, last week’s announcements do not read as isolated events. They reflect alignment – between industry and academia, workforce and capital, ambition and execution. Florida is not declaring itself a quantum hub overnight. It is assembling one, piece by piece, using a model it has already proven in financial services.

Matthew Cimaglia

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