IBM seeks financial incentives from Dutchess IDA to build $2.5 billion quantum computers in Poughkee

TOWN OF POUGHKEEPSIE – IBM is seeking financial incentives from the Dutchess County Industrial Development Agency to build its $2.5 billion at the IBM campus at 2455 South Road in the Town of Poughkeepsie.

Big Blue will be asking for sales tax exemption on materials to build the facility, and a payment in lieu of taxes.

The first of two such computer systems is expected to be ready by 2029 with the second generation, more advanced one will be completed by 2033.

The IDA will start the process of approving the incentives later this week.