Policy

New York details $360M quantum capital plan, anchored by $300M Stony Brook hub

Governor Kathy Hochul and Empire State Development's NYSTAR outlined priorities for a $360 million quantum capital allocation enacted in the FY 2027 state budget. Of that, $300 million goes to a Quantum Research and Innovation Hub at SUNY Stony Brook, with a planned 150,000-square-foot facility and a university-hosted hybrid quantum data center targeted for 2029, and $60 million will fund up to four Regional Quantum Technology Commercialization Hubs. The article says the state package aligns with federal CHIPS and Science Act awards finalized in September 2026, including $1 billion for Anderon (matched by $1 billion from IBM) for an open 300mm superconducting quantum foundry at NY Creates' Albany NanoTech Complex, and $375 million for GlobalFoundries' Quantum Technology Solutions in Malta. NYSTAR will run selection of the regional hubs, which will focus on open-access test facilities, startup incubation and shared technical resources.

Why it mattersThe combined state and federal funding aims to link New York's hardware, semiconductor and cryogenic assets with enterprise demand in financial services, defense and healthcare. The article lists early proof-of-concept work with JPMorganChase, HSBC/IBM and MSKCC as examples of that downstream demand.

Read the full story at Quantum Computing Report →

Summarized by AI from the linked article.