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Boca Raton approves $500,000 incentive package for D Wave, plus $20 million FAU partnership noted
Summary
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.
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.
Deputy City Manager Lekasic explained the…
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