Statement from CEG’s Mark Eagan on IBM Quantum Fab Announcement
(May 21, 2026) – Below is a statement from Center for Economic Growth President and CEO Mark Eagan on IBM’s announcement for plans to develop a quantum foundry in Albany:
Employment in the Capital Region’s tech R&D industry reached a new record high in 2025, and IBM’s investment in this quantum fab in Albany will take those job levels to new heights. From Rensselaer Polytechnic Institute hosting the world’s first-ever IBM quantum computer on a university campus to NORDTECH’s mission of advancing quantum technologies for defense systems to GlobalFoundries’ manufacturing of chips for quantum computing architecture at its Malta fab – this is where quantum gains momentum. We are deeply grateful for IBM’s longstanding commitment to the Capital Region and for New York State’s and Senator Schumer’s unwavering support for this industry.
About CEG
The Center for Economic Growth (CEG) accelerates economic opportunity in Albany/NY’s Capital Region by developing and implementing strategies to attract, expand and create businesses and jobs. As the regional economic development organization, affiliated with the Capital Region Chamber, CEG is a catalyst that works with partners and stakeholders to shape a vibrant, thriving future.
CEG houses the region’s Manufacturing Extension Partnership (MEP) Center, Manufacturing Solutions, which provides strategic guidance to small-to-middle sized companies in manufacturing and technology sectors. www.ceg.org.
