Governor Hochul Announces New Study Highlighting New York’s Position as a National Leader in Quantum Technology

Insider Brief

• A state-commissioned study ranks New York second nationally in quantum-related businesses, research groups and patents, identifying greater coordination as an opportunity to accelerate commercialization.
• New York has committed $360 million to quantum development, including $300 million for a Stony Brook research hub and $60 million for up to four regional commercialization hubs.
• The study estimates these investments could support $2.3 billion to $5 billion in economic activity and 7,200 to 10,100 job-years through 2036.

PRESS RELEASE — Governor Kathy Hochul today announced the release of a comprehensive study of New York State’s quantum technology landscape, finding that the Empire State ranks second nationally in quantum-related businesses, research groups and patents. Commissioned by Empire State Development’s Division of Science, Technology and Innovation (NYSTAR), the study highlights New York’s position as a national leader in the emerging industry and identifies opportunities to strengthen collaboration, accelerate commercialization and support future economic growth.

“New York is building the foundation for the next generation of technological breakthroughs, and quantum technology represents an enormous opportunity for our economy,” Governor Hochul said. “With world-class research institutions, advanced manufacturing capabilities and a growing network of innovative businesses, we have the tools to lead this emerging industry. Our $360 million investment will help turn that potential into progress, bringing new technologies to market, attracting private investment and creating good-paying jobs across New York State.”