Gov. Kathy Hochul is betting big on artificial intelligence in Manhattan, pledging up to $9.96 million in tax credits to Clay, a New York founded AI go to market platform that is expanding its headquarters in the borough. The company plans to lease 163,095 square feet at 11 Madison Avenue in the Flatiron District and has committed to creating 498 full time jobs and investing $50 million in research and development over the next five years.
What the Package Includes
According to Empire State Development, the state is offering Clay up to $9,960,000 in performance based Excelsior Jobs Program tax credits, tied directly to those hiring and R&D commitments. The agency says the buildout will firmly anchor Clay’s New York headquarters at 11 Madison…..