web analytics
December 25, 2014 / 3 Tevet, 5775
 
At a Glance
News & Views
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



Study: Israeli Companies Added $6.2 Billion to Mass. Economy

By: JTA

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.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Study: Israeli Companies Added $6.2 Billion to Mass. Economy”

  1. Didn't read about this on any of the BDS sites.

  2. Yechiel Baum says:

    so why is Kerry against Israel? seems he is also against the USA and the State of Mass!

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
The 13th issue of Al Qaeda's 'Inspire' online English-language magazine.
Al Qaeda Urges ‘Lone Wolves’ via Magazine to Attack US Airliners
Latest News Stories
(Archive photo) Nachal infantry soldiers on the Golan Heights, with tanks in the background.

In operation Protective Edge, infantry and armored units worked side-by-side. A new training program hopes to integrate them even better on the battlefield.

It takes an average of 140 monthly salaries to buy a home. Ariel plans to lower that down to 85.

ring and heart

United Synagogue Youth teen board members are told ban is lifted on dating non-Jews, but “important” to date within the faith.

The 13th issue of Al Qaeda's 'Inspire' online English-language magazine.

The latest edition of Al Qaeda’s online magazine urges lone wolf attacks on US airlines.

The Flemish Minister for Animal Welfare Ben Weyts has reversed his call for a ban on Jewish ritual slaughter in Belgium.

Ambassador Michael Oren is the first person to join Moshe Kachlon’s new political party, Kulanu.

Israel issued a grim warning to Gaza’s ruling Hamas terrorists Wednesday over an attack that led to a major clash.

In case of a medical emergency, one should call the MDA hotline at 03-734-4005.

“Islamic State continues to try to take over more areas close to Iraq and Turkey,” Khatib said.

Beit Hadassah was built by Jews in 1893 as a local medical clinic.

Rosenblatt and several Jewish residents of the neighborhood visited the station on the seventh night of Chanukah to show their support after the murder Saturday of two police officers in neighboring Bedford-Stuyvesant.

Obama’s new attitude, as Gleijeses sees it, may have implications for the U.S. role in the Middle East and the Israeli-Palestinian conflict.

Four PA Arabs with captured with pipe bombs on them.

Livni’s party is now down to 2 MKs (from 6). What did Herzog buy that was so expensive?

I’m going to recommend Velcro or sticky strips to Minister of Economy Naftali Bennett. He’s always checking to see if his Kipa fell off. In the photo are President of Israel, Ruby Rivlin (L) and Minister of Economy Naftali Bennett (R) during a “Outstanding Exporter” prize award ceremony held at the President’s residence in Jerusalem […]

The Prime Minister will appeal the decision by the party’s comptroller.

More Articles from JTA

Hebrew University will give its students the day off on Christmas for the first time ever. There will be no classes on Thursday, Dec. 25, a new vacation day on the university calendar. The students also had off on Sunday for Hanukkah. The university also has declared a vacation day for and placed on its […]

Passengers at Ben Gurion Airport wait in line for luggage inspection.

Just imagine the uproar if it was exposed that the Mossad told agents how to get past US security?

Oscar-winner “Into the Arms of Strangers: Stories of the Kindertransport” has been selected for permanent preservation in the Library of Congress by the National Film Registry. The film, released in 2000, documents the rescue of some 10,000 predominantly Jewish children from Nazi-dominated Germany, Austria and Czechoslovakia in the months leading up to World War II. […]

“It was crucial to my survival knowing that I was not forgotten.“

Jeb Bush announced his intention to “actively” explore the presidency in a Christmas and Hanukkah greeting message. “Merry Christmas and Happy Hanukkah!” the former Florida governor Bush said in a Facebook message posted Tuesday. He described conversations he had with his family over Thanksgiving. “As a result of these conversations and thoughtful consideration of the […]

Swastikas were found spray-painted on a Tufts University building for the third time in nearly two years. The latest swastikas were found Saturday morning on the back wall of the Lewis Hall dormitory on the Somerville, Mass., campus, Boston.com reported. In June, swastikas were found on the university’s Granoff Family Hillel Center. In April 2013, […]

The ‘homely’ ancient rock, discovered in 1993, adds evidence of King David’s existence.

Sotloff, a grandson of Holocaust survivors, made aliyah in 2005.

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: