Boca Raton approves $500,000 incentive package for D Wave, plus $20 million FAU partnership noted
As part of the consent agenda the council approved an incentive agreement to attract D Wave Commercial's headquarters, a plan that staff said would support about 100 new jobs with an average salary of roughly $125,000 and includes a $20 million agreement with Florida Atlantic University for equipment and research collaboration.
The full story
During the consent agenda on March 24 the Boca Raton City Council approved an economic development incentive to support the headquarters attraction of D Wave Commercial, a quantum/advanced-computing company. Staff described the incentive as structured credit payments of up to $500,000 that are paid over time as the company meets milestones tied to job creation and other deliverables.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in