Florida has been pushing to become a technological hub of the USA for a few years now. In a big addition to D-Wave Quantum Inc., there is definitely progress happening. Moving from the famous Silicon Valley to Boca Raton, Florida, was a calculated move by the company.
D-Wave plans to create upwards of 25,000 jobs for the Florida economy, based in the same place that IMB made their first personal computer. D-Wave says that the loosened tax restrictions fueled a large part of their departure from California. Demand for their products keeps rising from government agencies and multiple Fortune 500 companies.
Local institutions have embraced the move. Florida Atlantic University has already pledged a $20 million partnership with the company to improve research and development tactics. D-Wave has already agreed to implement at least 1 quantum computer on the college campus. All in all this move should be equally good for both the company and the state of Florida.
I think D-Wave's move highlights how tax policies directly influence where high-tech firms choose to locate. This could ultimately have a long-term positive effect on Florida's economy.
ReplyDeleteThis is a great post I learned a lot from this. If D-wave goes through on job creation it could be major step in Florida in advanced technology.
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