Copyright © 2020 Albuquerque Journal
A Wyoming-based tech company is moving some of its operations to Santa Fe, and hoping to make its new office a center for research related to a unique form of computing.
The New Mexico Economic Development Department announced Friday that SavantX is planning to bring six current employees down to Santa Fe this summer, and is hiring about six local employees this year, according to CEO and co-founder Ed Heinbockel.
The company is planning to bring in 116 employees over the next 10 years at an average salary of more than $90,000 as the Santa Fe facility becomes a hub for the company’s quantum computing operations.
“You have a lot of bright people out there,” Heinbockel told the Journal.
SavantX, which was founded five years ago after spinning off from another of Heinbockel’s companies, has built a slate of data collection and visualization tools for industries ranging from healthcare to nuclear energy.
Recently however, the Jackson, Wyoming-based company has devoted more of its attention to quantum computing, a form of computing that uses quantum mechanical principles to solve real-world problems.
For example, Heinbockel said the company is involved in a project to redesign Pier 300 at the Port of Los Angeles, using quantum computing to optimize the port’s infrastructure and reduce the distance cranes and other equipment need to travel, thereby reducing costs for operators.
Going forward, Heinbockel said his company’s quantum computing can help a wide range of industries, from trucking to aviation.
“They’re just scratching the surface of practical applications,” he said.
While the company looked at sites in Oregon, Utah and Idaho for its new research center, Heinbockel said Santa Fe stood out because of its proximity to the national laboratories, which the company can use as a talent pool and as potential partners.
“That was really the driver to get us to Santa Fe,” Heinbockel said.
The Economic Development Department has pledged $450,000 in economic assistance to the project through the state’s Local Economic Development Act, and the City of Santa Fe has pledged $50,000, according to the state agency.
Heinbockel said the company has signed a lease for a building at 504 Jose St. in Santa Fe, and is hoping to have new employees onboard by the end of July.
The company is looking to hire software engineers, data scientists, programmers, mathematicians, cyber-security experts and an office manager.
Heinbockel said the company is planning to reach 15 employees by next year, 26 by 2022, and 116 by 2030. If quantum computing grows the way Heinbockel expects, he said the company could blow past that projection in the next 10 years.