Africa Israel Residences, part of the Africa Israel Investments Group led by international businessman Lev Leviev, will present 7 leading projects on the The Israel Real Estate Exhibition in New York on Sep 14-15, 2014.
Companies with connections to Israel contributed $6.2 billion to the Massachusetts economy last year, a new study found.
The study, released on Thursday, was conducted by the consulting firm Stax and supported by Combined Jewish Philanthropies of Boston. It found that, when accounting for other business spending, the full economic impact of companies with Israel ties contribute $11.9 to the state economy. Revenues from this sector are growing three times as fast as the overall state economy.
“Massachusetts has become a home away from home for Israel’s innovation economy,” Massachusetts Governor Deval Patrick said.
The rapid growth is a bright spot in the state, with revenues growing three times faster the Massachusetts economy overall, the report finds. When factoring other business spending, the economic impact grows to $11.9 billion.
Massachusetts is now home to more than 200 companies with ties to Israel, up from 78 three years ago, according to the report. The businesses, which range from information technology to life sciences and software, employed more than 6,600 people in 2012.
Israeli entrepreneurs are attracted to Massachusetts because of its high concentration of top tier academic and research institutions, a highly-educated workforce, access to venture capital and concentration of high technology industries, the study found. The higher education factor is evident in the fact that nearly one-third of the Israeli-founded companies were started by Israeli alumni of Massachusetts colleges, the study says.
About the Author:
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
A fire that erupted Tuesday morning at the Machzikei Hadath synagogue in Brussels was the result of arson, investigators have determined.
Hundred of Gazans drowned as they tried to escape to Europe by boat. Hamas profited from their attempted escape.
Naftali Frenkel’s mother’s message for Rosh HaShana is for the Jewish people to remain united, as one family.
It would be amusing if the Palestinian Authority used this opportunity to turn the tables around, and accuse Hamas of collusion with Israel.
ISIS released a slick trailer warning Obama that the “Flames of War” are “coming soon.”
A new study of European Jewry shows it is dying and afraid.
Mainstream media report “all the news to print that fits” the anti-Israeli agenda.
They’re building a new control tower at Ben Gurion International Airport. This is the view, and what it looks like.
A dozen rabbis and a Jewish gun club are extremely critical of the position on gun control taken by the RCA and the OU.
The IDF has confirmed that a rocket was launched from Gaza at approximately 6:30pm on Tuesday.
Arsonists set fire to a Brussels synagogue on Tuesday, that was previously firebombed in 2010, but Jewish officials are not ready to declare the incident as anti-Semitic. The wife and two children of the synagogue’s caretaker, who was not present at the time of the arson, suffered slight smoke inhalation after the fire broke out […]
The higher rate is good news for Israelis with dollar accounts and for U.S. tourists.
A guide at the Gush Etzion Zoo (bet you didn’t there was one of those in Gush Etzion) explains to Junior High School students how to extract the ram horn shell after it dried, and eventually make it into a shofar, on September 15, 2014.
Search warrants unsealed in Quebec allege that the Haredi Lev Tahor sect trafficked in human cargo and committed other abuses. The documents also reveal that Interpol and Israel helped build the criminal case against the group before its 250 members fled to Guatemala in March with leader Rabbi Shlomo Helbrans. The list of charges in […]
Free speech on on the Ohio U. campus is restricted to anti-Zionists.
There still is hope for intelligent life on the anti-Israel campuses.
Just what we don’t need is some amateur, even if he is right, making headlines with a claim that Jack the Ripper was a Jew.
Greek police officers are among those who support the neo-Nazi Golden Dawn party.
Printed from: http://www.jewishpress.com/news/breaking-news/study-israeli-companies-added-6-2-billion-to-mass-economy/2013/12/07/
Scan this QR code to visit this page online: