Governor Hochul Announces AI Platform Clay to Expand New York City Headquarters, Creating Nearly 500 High-Paying Jobs

Governor Hochul Announces AI Platform Clay to Expand New York City Headquarters, Creating Nearly 500 High-Paying Jobs

https://esd.ny.gov/esd-media-center/press-releases/governor-hochul-announces-ai-platform-clay-expand-new-york-city

Publish Date: 2026-04-03 14:25:00

Source Domain: esd.ny.gov

• Governor Kathy Hochul announced that Clay, a New York City-founded AI platform, will expand its headquarters, leasing 163,095 square feet at 11 Madison Avenue in Manhattan.
• The Empire State Development (ESD) will provide up to $9.96 million in tax credits through the Excelsior Jobs Program to support the expansion.
• Clay has committed to creating 498 full-time jobs and investing $50 million in research and development (R&D) over five years in New York State.
• The expansion aims to support Governor Hochul’s efforts to enhance New York’s innovation economy, particularly in artificial intelligence.
• Empire State Development’s Hope Knight emphasized Clay’s decision as evidence of New York City’s attractiveness for innovative companies and its global leadership in emerging technologies.