Clay, a New York City-founded artificial intelligence go-to-market platform, will significantly expand its headquarters in Manhattan, leasing 163,095 square feet of office space at SL Green Realty Corp.’s 11 Madison Ave. in the Flatiron District. To support the project, Empire State Development (ESD) is offering Clay up to $9,960,000 in performance-based Excelsior Jobs Program tax credits in exchange for the company creating 498 new full-time jobs over five years and investing $50 million in research and development activity in New York State.
ESD President, CEO and Commissioner Hope Knight said, “Clay’s expansion is a strong signal that New York continues to be a destination where innovative companies can start, scale, and succeed. By deepening its presence in New York City, Clay is creating high-quality jobs and advancing cutting-edge work in artificial intelligence.”
A Newmark agency leasing team led by executive vice chairman Brian Waterman represented SL Green in the lease.
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