The relationship between Massachusetts and Israel has always been one that unites us in shared values and friendship.
A new report analyzing the positive effect Israeli-founded companies are having on the Massachusetts economy finds jobs, innovation and growth result from our close ties.
The CJP and NEIBC-funded report, “The Massachusetts-Israel Economic Relationship,” was released in early December at an event which featured Gov. Deval Patrick, Robert Kraft, business and academic leaders and Israeli entrepreneurs.
More than 200 people came to hear the impressive findings: Israeli founded businesses grew at three times the rate of Massachusetts’ GDP since 2009, contributed $6.2 billion in direct revenue to the Massachusetts economy and added 6,700 jobs in 2012.
After returning from a visit to Israel, Governor Deval Patrick once commented that, “Our shared values of innovation, entrepreneurship, and generational responsibility bind us closely, and our enduring friendship will help build a better and stronger Commonwealth and State of Israel for generations to come.”
We and Israel’s “start-up nation” economy share great universities, forward-thinking businesses, innovative thinkers and a positive environment where great ideas can be nurtured and realized. Together, we are already achieving great things- and the synergies described in this remarkable new document show the way to an amazing new era of innovation, entrepreneurship and growth.