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The state’s new quantum manufacturing park promises about 300 positions, but most are highly specialized technical roles, not entry-level manufacturing work. And each one comes with a public price tag in excess of $100,000 per job.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
With the state of IL and Cook Co on the hook for +70% of the cost, you have to question the near-term (next 10 years) commercial viability. That’s why there is so little private investment. It’s not potential over production, it’s unknown potential – could be something, could be a bust. The +$700M could have been used better it seems.
Illinois has to buy jobs, so many are fleeing to greener pastures. The smart (never happen) thing to do is to encourage current businesses to hire more people. Instead, they will tax the current businesses to pay for the new jobs and create competition for employees. It is just plain stupid.
Better build the nuclear reactor first.
The proximity to Fermi Lab and Argon are the real drivers here, not the commies in Springfield. Without them the quantum future would be even better for Illinois. IL will benefit as long as the Federal government keeps Fermi Lab and Argon top research laboratories but I expect TX or other sunbelt states to eventually get new labs built which will sunset our labs or diminish their importance.
The number of south side Chicago residents qualified to work in these quantum centers are at about zero thanks to Chicago’s public school system.
I read the words tax break. Haven’t we heard how terrible the wealthy people and business are. The state of IL is broke but we can pay these type of projects this kind of money. Can we say kick backs
The article says the following about the STATE provided incentives:
The median state funding for an incentivized job is $20,000 per job.
JB is so desperate to try to convince everyone Illinois isn’t in the toliet, he is literally taking it out of taxpayers pockets and giving it to these firms, which likely have ties to multiple politicians. The grift never ends in Illinois. This is sickening.