Colorado is closer to becoming the center of the nation’s quantum technology universe with the award of $40.5 million in federal money, which will leverage $77 million in state commitments and ultimately could mean roughly $1 billion more in federal dollars for the region.

The Economic Development Administration in the U.S. Department of Commerce announced the award of the money Tuesday to Colorado, New Mexico and Wyoming, named in 2023 as one of two regional hubs for advancing and commercializing quantum technology. An additional $10 million will come from New Mexico.

Read the entire article on the official Government Technology website by clicking here.