IBM's decision is a huge win for Gov. JB Pritzker, who has for years sought to make Illinois a global leader in quantum computing and innovation. The announcement comes a day after the City Council gave the multibillion-dollar quantum computing campus final zoning approval.

Backed by $25 million in state grants, IBM announced plans to build the National Quantum Algorithm Center at the long-dormant South Works site.

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Illinois Governor JB Pritzker has scored another win as International Business Machines Corp. is investing in the state’s new quantum and microelectronics park in Chicago.Most Read from BloombergHong

Today, IBM (NYSE: IBM) and Illinois Governor JB Pritzker announced a collaboration to establish the National Quantum Algorithm Center in the Illinois Quantum and Microelectronics Park (IQMP) in Chicago.

The quantum campus in Chicago is adding the new National Quantum Algorithm Center with the technology company IBM being its first major tenant.

Illinois Governor JB Pritzker and the CEO of IBM announced Thursday that the computing giant is going to anchor a new quantum computing campus in Chicago.

IBM to quantum center in Chicago Another quantum computer project is set to take up part of the Illinois Quantum and Microelectronics Park in Chicago. IBM officials joined officials from the University of Chicago,

Anchored by IBM and other quantum computing pioneers including the University of Chicago and the University of Illinois Urbana-Champaign, the center will be fueled by IBM's next-g