Hartford Business Journal

HARTFORDBUSINESS.COM | MARCH 24, 2025 15 Commercial lending—local roots and limitless possibilities. We combine the lending power of a national bank with the personal attention of a trusted community partner. Are you expanding? Acquiring? Building? Whatever your size and goals, our commercial lending team is here with expertise, enthusiastic attention to detail—and the flexibility to grow along with you. Let's talk today. 860.265.3921 | westfieldbank.com High commercial lending Commercial lending—local roots and limitless possibilities. We combine the lending power of a national bank with the personal attention of a trusted community partner. Are you expanding? Acquiring? Building? Whatever your size and goals, our commercial lending team is here with expertise, enthusiastic attention to detail—and the flexibility to grow along with you. Let's talk today. 860.265.3921 | westfieldbank.com High commercial lending Commercial lending—local roots and limitless possibilities. We combine the lending power of a national bank with the personal attention of a trusted community partner. Are you expanding? Acquiring? Building? Whatever your size and goals, our commercial lending team is here with expertise, enthusiastic attention to detail—and the flexibility to grow along with you. Let's talk today. 860.265.3921 | westfieldbank.com High commercial lending Commercial lending—local roots and limitless possibilities. We combine the lending power of a national bank with the personal attention of a trusted community partner. Are you expanding? Acquiring? Building? Whatever your size and goals, our commercial lending team is here with expertise, enthusiastic attention to detail—and the flexibility to grow along with you. Let's talk today. 860.265.3921 | westfieldbank.com High commercial lending Commercial lending—local roots and limitless possibilities. We combine the lending power of a national bank with the personal attention of a trusted community partner. Are you expanding? Acquiring? Building? Whatever your size and goals, our commercial lending team is here with expertise, enthusiastic attention to detail—and the flexibility to grow along with you. Let's talk today. 860.265.3921 | westfieldbank.com High commercial lending Commercial lending—local roots and limitless possibilities. We combine the lending power of a national bank with the personal attention of a trusted community partner. Are you expanding? Acquiring? Building? Whatever your size and goals, our commercial lending team is here with expertise, enthusiastic attention to detail—and the flexibility to grow along with you. Let's talk today. 860.265.3921 | westfieldbank.com High commercial lending Commercial lending—local roots and limitless possibilities. We combine the lending power of a national bank with the personal attention of a trusted community partner. Are you expanding? Acquiring? Building? Whatever your size and goals, our commercial lending team is here with expertise, enthusiastic attention to detail—and the flexibility to grow along with you. Let's talk today. 860.265.3921 | westfieldbank.com High commercial lending "Working with UConn and Yale, we will make over $100 million in key capital investments in quantum computing and artificial intelligence applications to keep our key indus- tries ahead of the curve, including life sciences and fintech," the governor said. Lamont has submitted a bill that proposes to create an artificial intelligence and quantum technology investment fund that would be run by Connecticut Innovations, the state's quasi-public venture arm. CI would be able to allocate up to $50 million in the fund to invest in "companies in the state, or companies relocating significant operations to the state, which develop, manufacture, utilize or deploy artificial intelligence systems or quantum technology." New Haven is also in the running for a piece of the state's $100 million "Innovation Clusters" grant program to develop a quantum and bioscience cluster. Meantime, QuantumCT is looking for additional federal grant funding, Green said. The organization is headquartered in New Haven, where it's building a "test bed" where industry partners, researchers and technical stake- holders can try out ideas. It's also planning a business incubator, and wants to bring in potential investors including venture capital. It will be part of Green's responsibil- ities to seek out new industry part- ners to collaborate with QuantumCT in developing use cases for the tech- nology, as well as communicating with the wider public about what the new technology will mean. New Haven is also home to Quantum Circuits Inc., a Yale Universi- ty-based quantum computing startup that has raised tens of millions of dollars as it prepares to commer- cialize its quantum systems. Test cases QuantumCT is currently working with the insurance industry on the uses of quantum computing to solve problems around rate structures and risk, Green said. "These are multivariable prob- lems, and classical computers have a challenge doing those kinds of things," he said. "That's an example of use-inspired research, applying the learnings of quantum computing to address some of these very challenging problems." Another early partner is the pharmaceutical industry, which sees potential in applying quantum technology to developing models for drug discovery. Green identifies logistics and supply chain issues as another fruitful appli- cation for quantum computing. "I'll use the term inclusive growth," he said. "As we grow this quantum economy, we want it to touch every- body — those that historically have been left behind by these sorts of things." One of the ways in which that can happen is by developing a workforce that's fluent in this type of tech- nology and can take advantage of the new economic opportunities it may generate. "When you look at the skills that are needed, it's not really that much different from the same skills that one would see in, say, advanced manufacturing. It's strong STEM training," he said. He compares quantum technolo- gy's development stage to where AI was 10 to 15 years ago, with a similar transformative potential — although he doesn't think it will take as long to become as ubiquitous as AI now is. "There's literally a breakthrough a week," he said, pointing to the development of new quantum chips by companies including Intel, Micro- soft and Nvidia. "Everything from hyper-advanced sensors to compu- tational techniques to cybersecurity applications. It has the potential, essentially, to touch every part of your life." And while the technology might currently seem opaque to anyone without a physics degree, Green says he's working on that. "One of our missions is to demys- tify it," he said. "One of the things that I want to take advantage of is that it's kind of cool." CONSTRUCTION MANAGEMENT DESIGN / BUILD GENERAL CONTRACTING Manufacturing · Commercial · Education · Food Service Hospitality · Healthcare · Municipal · Retail 545 Long Wharf Drive, Suite 603 New Haven, CT 06511 (203) 691-6876 Rock solid, every step of the way. COUNTRIES WITH THE LARGEST PUBLIC INVESTMENT IN QUANTUM TECHNOLOGY TOTAL ANNOUNCED COUNTRIES GOV'T INVESTMENT (2023) CHINA $15.3B GERMANY $5.2B UNITED KINGDOM $4.3B UNITED STATES $3.8B SOUTH KOREA $2.4B FRANCE $2.2B JAPAN $1.8B INDIA $1.7B CANADA $1.4B Source: McKinsey & Co.

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