Chicago to Host National Quantum Algorithm Center in Major IBM Partnership

The Illinois Quantum and Microelectronics Park aims to position Chicago as a global hub for quantum computing innovation and economic growth.

The City Council approved the Illinois Quantum and Microelectronics Park, a 128-acre development on Chicago’s South Side, to advance quantum computing and revitalize the long-dormant U.S. Steel South Works site.
IBM will establish the National Quantum Algorithm Center at the park, anchored by its next-generation IBM Quantum System Two, with operations initially beginning at Hyde Park Labs in 2025.
The project is backed by $500 million in state funding, including $200 million for critical infrastructure, and is expected to generate up to $20 billion in economic impact and create thousands of jobs for the region.
PsiQuantum, another major tenant, is investing billions to develop the world’s first commercially viable quantum computer, with its facilities expected to be operational by 2026.
Community groups have raised concerns about environmental impact, housing affordability, and potential displacement, prompting developers to commit to workforce programs, affordable housing, and ongoing collaboration with local stakeholders.