Seconds often make the difference between life and death and new technology makes the difference…
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 Likud source said the new proposal made to Bennett was “rich and fair.” It’s about time.
Jerusalem – A 30 year old man was lightly injured by stone throwers in Wadi Joz. Wadi Joz is a Jerusalem neighborhood, just north of the Old City.
There were reports this morning of explosions heard in the Sudanese city of Khartoum.
The legislation would provide assistance for a three-year period, eliminating delays in bolstering the regional forces fighting against ISIS.
The deadline is tonight, and if Bibi hadn’t abused Bayit Yehudi, he wouldn’t be in this situation right now.
Hassan Nasrallah said that the survival of Bashar Assad’s regime is critical for Hezbollah’s own continued existence.
Shurat HaDin, an Israeli NGO specializing in International Law, opened a two-day conference in Jerusalem, Monday, “Towards a New Law of War,” which dealt with the rules of armed conflict, their interpretation and application.
A State Dept. investigation into the Benghazi Blunder never spoke with, nor blamed, Hillary Clinton.
Former Ark. Gov. Mike Huckabee is running for U.S. President. He hates the U.S. current foreign policy.
If the report is accurate, and Bennett has no additional demands, Netanyahu’s coalition may now be under way.
The Senate hopes to vote on a nuclear review bill by Thursday, as talks resume next week on a deal between Tehran and world powers.
A Dragon Boat festival was held in Tel Aviv on the Yarkon River last Friday. Looks like fun.
With just a day to go, Bennett finally gives serious push-back to Netanyahu’s threats and inadequate proposals.
More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]
New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]
“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.
Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.
Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]
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: