It has long been known that Israel is an innovation nation. Leaders in technology, agriculture, medical equipment and several other industries, Israeli companies are finding homes all over the globe, including the United States.
Last June, the New England-Israel Business Council put out a report, indicating $9 billion in revenue from Israeli-founded companies in Massachusetts alone! The secondary impact (office space, accounting, marketing and other office needs) was over $18 billion!
Furthermore, the report indicates:
The employee base of Israeli-founded companies in the Commonwealth grew five times faster than the state’s economy from 2013-2015. Since the previous study in 2012, the revenue of Israeli-founded companies in the Commonwealth has grown two times faster than the Massachusetts economy overall, and now represents nearly 4% of the state’s Gross Domestic Product (GDP).
Massachusetts is far from the only state doing business with Israel. Certainly, Silicon Valley has it’s share of Israeli companies, as does New York (the nation’s largest population of Jews). Want to know where your state stands in terms of doing business with Israel?
Check out the Jewish Virtual Library’s State-to-State Cooperation with Israel. Enjoy!