A publicly traded quantum computing company will move its headquarters from California to Florida, continuing a broader economic shift away from the Golden State.

D-Wave Quantum announced it will relocate its headquarters from Silicon Valley to Boca Raton, Florida, bringing hundreds of jobs and new economic activity to the region.

“Florida represents one of the fastest growing technology ecosystems in the United States, and as such, it was the ideal choice for our new corporate headquarters and U.S. R&D facility,” D-Wave CEO Dr. Alan Baratz said in a statement.

“The state offers a rich scientific and educational environment, a growing pool of highly skilled tech talent, and a vibrant spirit of innovation that made it attractive to D-Wave,” he added.

Baratz also pointed to the economic opportunities Florida provides for the company’s future growth.

“With our new headquarters in Boca Raton, D-Wave will bring to South Florida incredible opportunities for advanced research, talent recruitment, and high-impact technology development that is shaping the future of computing,” he said.

The relocation was supported by senior Florida officials, who welcomed the company to the state.

“We’re excited to welcome D-Wave to Florida as it accelerates the development and delivery of its quantum computing technologies, which will help further establish the state as a center of high-demand job growth and business formation through innovation,” Florida Secretary of Commerce J. Alex Kelly said.

D-Wave is expected to complete its transition into the new headquarters by the end of this year.

The company is among a growing list of businesses leaving California in recent years, particularly as Democratic leadership weighs additional tax increases, including a proposed one-time 5 percent wealth tax.

Major corporations that have relocated or announced departures include Chevron, X/Twitter, SpaceX, Oracle, Hewlett Packard, Charles Schwab, and Toyota Motor North America, according to the California Globe.

Manufacturers such as Blue Diamond, Anheuser-Busch, and Leprimo, some of which have operated in California for more than a century, have also reduced capacity in the state in favor of more business-friendly environments elsewhere.

Even iconic California brands are exiting. Fast food chain In-N-Out has announced plans to move operations to Tennessee.

Chief Executive Magazine ranked California dead last in its 2025 ranking of best and worst states for business, marking the 14th consecutive year the state has held the bottom position.