{"id":5524,"date":"2025-10-15T08:53:54","date_gmt":"2025-10-15T08:53:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=5524"},"modified":"2025-10-15T09:43:26","modified_gmt":"2025-10-15T09:43:26","slug":"pasqal-joins-chicagos-quantum-hub-with-u-s-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/pasqal-joins-chicagos-quantum-hub-with-u-s-hq\/","title":{"rendered":"Pasqal Joins Chicago\u2019s Quantum Hub with U.S. HQ"},"content":{"rendered":"<p>French quantum computing firm Pasqal will open its North American headquarters at the Illinois Quantum &amp; Microelectronics Park (IQMP), committing more than $65 million and creating what\u2019s expected to be around 50 engineering and research jobs. Supported by $21 million in state incentives, the company will lease roughly 6,000 square feet, operating in the meantime from a Cook County site as construction takes place.<\/p>\n<p>The headquarters will be within the 128-acre IQMP, part of the 600-acre former U.S. Steel South Works site now being redeveloped by Related Midwest. Once employing 20,000 steelworkers, the brownfield is being repositioned as a center for quantum and advanced manufacturing. Plans call for cryogenic systems, clean rooms, and heavy-duty utilities. Its Lake Michigan frontage offers rare urban waterfront tracts, while EPA Superfund status enables cost-effective redevelopment.<\/p>\n<p>Pasqal joins anchor tenant PsiQuantum, which broke ground last month on an initial 80,700-square-foot research and office facility. Other tenants include Infleqtion, which will establish its global headquarters at the park; DARPA\u2019s Quantum Proving Ground; and IBM, advancing its Quantum System Two and the National Quantum Algorithm Center. Related Midwest is phasing IQMP\u2019s build-out over the next decade to provide scalable R&amp;D space with expansion capacity.<\/p>\n<p>Illinois has pledged $500 million toward quantum initiatives, including $200 million for PsiQuantum\u2019s effort to develop a one-million-qubit system by 2028. \u201cPasqal\u2019s decision to establish its U.S. headquarters in Illinois marks another major milestone for Illinois\u2019 quantum ecosystem,\u201d said Gov. JB Pritzker.<\/p>\n<p>The effort counters a pattern, <a href=\"https:\/\/www.wsj.com\/articles\/chicago-wants-to-build-the-silicon-valley-of-quantum-computing-8da25981\" target=\"_blank\" rel=\"noopener\">noted by<\/a> <em>The Wall Street Journal<\/em>, of Midwest breakthroughs commercializing on coasts. The Chicago Quantum Exchange supports this, linking universities and labs. \u201cIllinois has the academic excellence, supportive policy environment, and diverse talent pool to seize the unique opportunity to build quantum solutions in the U.S. These solutions will power future industries and create a profound economic impact,\u201d said Pasqal CEO Lo\u00efc Henriet.<\/p>\n<p>IQMP is projected to <a href=\"https:\/\/www.illinois.gov\/news\/release.html?releaseid=30472\" target=\"_blank\" rel=\"noopener\">generate up to $20 billion<\/a> in economic impact and thousands of jobs, per a 2024 state analysis, while a CQE-commissioned Boston Consulting Group study <a href=\"https:\/\/chicagoquantum.org\/economicimpactdata\" target=\"_blank\" rel=\"noopener\">forecasts $80 billion regionally by 2035.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French quantum computing firm Pasqal will open its North American headquarters at the Illinois Quantum &amp; Microelectronics Park (IQMP), committing more than $65 million and creating what\u2019s expected to be around 50 engineering and research jobs. Supported by $21 million in state incentives, the company will lease roughly 6,000 square feet, operating in the meantime from a Cook County site as construction takes place. The headquarters will be within the 128-acre IQMP, part of the 600-acre former U.S. Steel South Works site now being redeveloped by Related Midwest. Once employing 20,000 steelworkers, the brownfield is being repositioned as a center&#8230;<\/p>\n","protected":false},"author":3163,"featured_media":5528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-real-estate-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>French Quantum Firm Pascal Selects Chicago for U.S. HQ<\/title>\n<meta name=\"description\" content=\"French quantum firm Pasqal will open its U.S. HQ at Chicago\u2019s Quantum Park, investing $65M, creating 50 jobs, and joining anchor tenant PsiQuantum.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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