Governor Kathy Hochul on Wednesday announced that Grow Therapy will expand again in New York City, adding a new office and 123 new full-time jobs, according to the governor’s office.
The governor’s office said the mental health platform will invest $9.9 million in research and development and spend an additional $15 million to build out the new office. Empire State Development will support the project with up to $1.4 million in performance-based Excelsior Jobs Program tax credits.
| Measure | Figure |
|---|---|
| New office location | 145 Delancey Street |
| Office size | more than 78,000 square feet |
| New full-time jobs | 123 |
| R&D investment | $9.9 million |
| Office build-out investment | additional $15 million |
| ESD support | up to $1.4 million in performance-based Excelsior Jobs Program tax credits |
| Total New York commitment (with 2025 project) | 309 new jobs; 94 jobs retained; $40.9 million investment |
Grow Therapy will open a space of more than 78,000 square feet at 145 Delancey Street on the Lower East Side, the announcement said. The company delivers in-person and online therapy and psychiatric care. The new positions will span technology, marketing and operations, according to the governor’s office.
“New York City continues to be where ambitious companies come to grow, innovate and build for the future,” Hochul said.
The project builds on a 2025 announcement in which Grow Therapy committed to relocate its headquarters from SoHo to 100 Broadway, create at least 186 jobs over five years and invest $16 million in research and development, the governor’s office said. Combined with that earlier project, the company has now committed to creating 309 new jobs, retaining 94 jobs, and investing $40.9 million in its New York operations, according to the announcement.
Empire State Development President, CEO and Commissioner Hope Knight said New York is creating conditions for innovative companies to expand, invest and create jobs. She said Grow Therapy’s latest expansion will support technology that can help improve access to high-quality mental health care.
Grow Therapy Chief Financial Officer Seth Bressack said New York is the company’s “center of gravity” and noted the concentration of talent and clients. “The talent is here, the clients are here, and now more of the jobs will be too,” Bressack said.
The governor’s office said Grow Therapy’s $9.9 million research and development investment will support technology and AI tools designed to assist clinicians and improve care delivery. The announcement also cited recent Empire State Development-supported expansions by several companies that are bringing jobs, research and development activity and private investment to New York City.
The AI wrote only from the sources listed. No human reporter was involved. Read our standards or compare the models in the AI Report Card.