A state-commissioned study places New York second to California in quantum-related businesses, research groups and patent families, offering a map of the industry as the state directs $360 million toward research and commercialization hubs.
The report, released October 23 by Governor Kathy Hochul’s office, was commissioned by Empire State Development’s NYSTAR division and prepared by The Quantum Insider. Its rankings are the study’s findings, not a separate federal industry census.
The study identified 134 operating entities, 219 research groups and 734 patent families connected to quantum technology across New York’s 10 regions. It highlighted coordination among researchers, manufacturers and potential customers as an opportunity to help technologies reach the market.
The state’s funding commitments include $300 million for a Quantum Research and Innovation Hub at SUNY Stony Brook and $60 million for up to four regional commercialization hubs. The regional hubs were funded in the fiscal 2027 budget and are intended to include incubators for quantum startups.
The report estimates that the combined $360 million commitment could support $2.3 billion to $5 billion in economic activity and 7,200 to 10,100 job-years through 2036. A job-year means one full-time job supported for one year. It is not the same as that many permanent jobs, and the estimates are forecasts rather than realized results.
The study points to New York’s semiconductor, optics and photonics capabilities and its concentration of potential customers in financial services, health care and advanced manufacturing. Turning research into products still requires customers, infrastructure and commercially usable technology.
The investment plans sit within a mixed national economy. The September employment report showed U.S. payrolls rising 29,000 and unemployment at 4.2%. Those figures describe the wider labor market, not demand for quantum workers in New York.
NYSTAR says the study will inform its strategy for linking research institutions, established companies and startups across the state.
JBizNews Desk | New York
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