Vote set for 30-year PILOT for IBM’s next-generation quantum computing facility

‘Among the largest private-sector investments in Dutchess County’s history’

Dutchess County is banking on IBM’s new $2.5 billion quantum computing facility.

International Business Machines Corporation, known familiarly as IBM, has been a staple of the Hudson Valley economy for over half a century – from making aircraft fire control systems and carbines for World War II in 1941 to becoming a central hub of mainframe innovation in the 1960s and ‘70s. Now, the company is seeking a payment in lieu of taxes from the county to build a next-generation 300,000-square-foot advanced research, manufacturing, and computational complex on the Town of Poughkeepsie campus, located at 2455 South Road.

The total capital investment is “approximately $2.51 billion across the 2026–2035 program window — among the largest private-sector investments in Dutchess County’s history.”

According to the Dutchess County Industrial Development Agency, the estimated payment in lieu of taxes (PILOT) revenue for the state and region would be $7,853,985 with the anticipated sales tax revenue estimated at over $13 billion over the 30-year PILOT term.

The proposed facility would include a cryogenic plant and generator building, along with cooling infrastructure to “support IBM’s development, integration, test, and delivery of fault-tolerant quantum-computing systems.” Plans also include the renovation of approximately 44,000-square-feet of an existing building. Construction is expected to be complete by the first half of 2029.

According to the county IDA, the project would retain 2,000 high-wage jobs and create 140 new permanent jobs in addition to approximately 250 construction jobs, and “grows taxable value on the campus, and reinforces Dutchess County as a regional center for advanced manufacturing.”

A public hearing on the PILOT has been scheduled for 9:30am Monday morning, September 28, 2026 at the Dutchess County IDA Office at 3 Neptune Road, Suite A21 in Poughkeepsie. Written comments can be submitted to the Executive Director, Robin Mack, via e-mail at robin@thinkdutchess.com or via mail to the Agency at 3 Neptune Road, Poughkeepsie, New York 12601.

The Dutchess County IDA will vote on the proposed PILOT on Tuesday, September 29, 2026 at 8am. Meeting info: Link. Stream the meeting at https://us06web.zoom.us/j/85833850986 or by calling 1-929-436-2866 Meeting ID: 858 3385 0986. The meeting will also be recorded and will be posted on the agency’s website.



Links:
https://www.thinkdutchess.com/clientuploads/IDA/Public_Hearing_Notices/IBM_2026_-_Public_Notice.pdf.


 

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