An independent study by a global strategic consulting and research firm, reveals that Israeli-founded businesses generate enormous jobs, revenue & capital activity in Massachusetts.
BOSTON — Companies with connections to Israel contributed $6.2 billion to the Massachusetts economy last year, a new study found.
Massachusetts Gov. Deval Patrick – Photo: New England – Israel Business Council
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.
Israeli New Shekel Exchange Rate