Boca Raton Approves $500,000 Incentive for Quantum Computing Firm Project Vernon
Boca Raton City Council has approved a $500,000 incentive package to attract a California-based quantum computing firm, known as 'Project Vernon,' which is considering multiple offers from other states. If selected, the company would relocate its headquarters to the Boca Raton Innovation Campus, creating at least 100 jobs with an average salary of $125,000 over five years, contingent on job creation and salary conditions. The firm's identity remains undisclosed as negotiations continue.
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Boca Raton City Council approved a resolution for a $500,000 incentive package to attract a California-based quantum computing firm, code-named 'Project Vernon.' The firm is considering multiple offers from other states, including Florida, which has proposed an additional incentive package exceeding $6.5 million.
If chosen, the company would relocate its headquarters and establish R&D at the Boca Raton Innovation Campus, creating at least 100 jobs with an average salary of $125,000 over five years. The city’s incentive is contingent on job creation and salary conditions, with annual verification required. The company's identity remains undisclosed as negotiations continue.
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