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Alan Reeves

Senior Managing Director, Global Strategy, Newmark
Alexandra Segers

General Manager, Tochi Advisors
Amy Gerber

Executive Managing Director, Business Incentives Practice, Cushman & Wakefield
Bradley Migdal

Executive Managing Director, Americas Strategic Consulting, Cushman & Wakefield
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Managing Partner, Atlas Insight
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Vice President, Corporate Strategy and Development, PPC Partners, Inc.
Chris Chmura, Ph.D.

CEO & Founder, Chmura Economics
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Partner, Site Selection Group
Chris Volney

Managing Director, Americas Consulting, CBRE
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Director of Business Development, Brasfield & Gorrie
Courtney Dunbar

Site Selection & Economic Development Leader, Burns & McDonnell
David Hickey

Managing Director, Hickey & Associates
Dennis Cuneo

Former Senior Vice President, Toyota Motor North America; Owner , DC Strategic Advisors
Dianne Jones

Managing Director, Business and Economic Incentives, JLL
Eric Stavriotis

Vice Chairman, CBRE
Joe Dunlap

Chief Supply Chain Officer, Legacy Investing
Lauren Berry

Director, Location Analysis and Incentives, Maxis Advisors
Marc Beauchamp

President, SCI Global
Matthew Powers

Site Selection Lead, REDI Site Selection
Scott J. Ziance

Partner and Economic Incentives Practice Leader, Vorys, Sater, Seymour and Pease LLP
Scott Kupperman

Founder, Kupperman Location Solutions
Stephen Gray

President & CEO, Gray Construction

Clay Expands New York City Headquarters

Area Development News Desk

04/17/2026

Artificial intelligence platform Clay plans to expand its operations in New York City. The project is expected to create 498 jobs.

The project will include the lease and buildout of 163,095 square feet of office space at 11 Madison Avenue to support growth across engineering, sales, product, and corporate functions.

“Clay has been deeply shaped by its home in New York,” said Kareem Amin, CEO and Co-Founder of Clay. “We’ve thrived off the creativity, diversity, and energy of the city, and we’re excited to continue investing in the local community as we grow.” To support the project, Empire State Development is offering up to $9.96 million in performance-based Excelsior Jobs Program tax credits tied to job creation and investment.

“Clay’s expansion is a strong signal that New York continues to be a destination where innovative companies can start, scale, and succeed,” noted Hope Knight, President, CEO and Commissioner of Empire State Development. “This project will create high-quality jobs and advance cutting-edge work in artificial intelligence.”

Clay develops AI-powered go-to-market tools that help companies identify customers and personalize outreach using integrated data sources, serving businesses across multiple industries.

“New York City is the epicenter for artificial intelligence, driven by its unique concentration of talent, capital, and industry,” added Barry Gosin, CEO of Newmark. “The city’s workforce will continue to attract innovative companies and support growth in emerging technologies.”

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