In a quantum leap of good fortune for Colorado, the U.S. Economic Development Administration announced Tuesday the selection of Colorado’s Elevate Quantum among 12 tech hubs to receive a funding package for taking computing to a higher level than most can imagine.

Colorado beat out Illinois — the only other federally designated quantum region — to win the $40.5 million grant. The funding will release an additional $74 million in state tax credits that was approved in anticipation of the grant. Experts at the University of Colorado anticipate an influx of $2 billion in private investment as a result of Tuesday’s announcement.

The development comes just as Colorado is exploding into what might become the country’s most respected aerospace technology hub with a trajectory like California’s Silicon Valley in the late 20th century.

Read the entire article on the official Denver Gazette website by clicking here.