""The global race for artificial intelligence leadership is happening right now, and New York is winning," said Hochul, emphasizing the state's commitment to AI development and innovation."
""The deal advances Governor Hochul's efforts to grow New York's innovation economy and deepen the state's AI ecosystem," according to Empire State Development, highlighting the strategic importance of Clay's expansion."
Governor Kathy Hochul is investing up to $9.96 million in tax credits for Clay, an AI platform expanding its headquarters in Manhattan. Clay will lease 163,095 square feet at 11 Madison Avenue and create 498 full-time jobs while investing $50 million in R&D over five years. The tax credits are performance-based, linked to hiring and R&D commitments. Hochul emphasizes the importance of AI leadership for New York, framing Clay's expansion as part of a broader tech strategy to enhance the state's innovation economy.
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