Colorado's Elevate Quantum, in partnership with New Mexico, has secured a $41 million grant from the U.S. Economic Development Administration to advance the quantum information technology sector.

Total investment in the Elevate Quantum Tech Hub exceeds $125 million, with contributions from Colorado ($74 million) and New Mexico ($10 million).

The initiative aims to establish the Mountain West region as a global leader in quantum technology, focusing on commercial-ready applications and building a skilled workforce.

The Tech Hub will leverage regional expertise, national laboratories, and private sector partnerships to accelerate the commercialization of quantum technologies.

Key focus areas include sensing, computing, networking, and hardware.

A quantum information technology fabrication and laboratory facility for translational research and workforce development will be established in New Mexico.

The initiative targets the creation of 10,000 jobs and training 30,000 skilled workers in the region.

The Tech Hub emphasizes inclusivity and diversity, focusing on underprivileged communities.

Governor Polis, New Mexico officials, and federal representatives played crucial roles in securing the funding, underscoring the importance of investing in emerging technologies to drive economic growth and maintain America's tech leadership.