Colorado won a $40.5 million quantum technology grant from the federal government to help turn the state into a worldwide hub in the emerging field, Gov. Jared Polis announced Monday, as one of 12 awards after a highly competitive sprint for the U.S. money.

The award cements Colorado’s leadership in quantum computing, which relies on supercooled operations at an atomic level, and will unlock $74 million in state tax credits passed in anticipation of a federal grant win, Polis said. That in turn could draw billions of dollars in private and partnership investment to the field, which already employs thousands of people in Colorado, Polis said.

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