Study: Israeli innovation generates $2.4b to Mass.

[shira]

Nearly 100 companies in Massachusetts that are either founded by Israelis or offer products based on Israeli technology generated $2.4 billion in direct revenue in Massachusetts last year, according to new study.

The study, which surveyed Massachusetts business executives of companies based on Israeli innovation and entrepreneurship, was conducted by Stax Inc., a consulting firm. The study was commissioned, in part, by the Combined Jewish Philanthropies and released today at the New England-Israel Business Council's 2010 Life Sciences Summit at Brandeis University.

According to Stax, the study is an analysis of the economic impact of Israeli companies coming to Massachusetts and Israeli technologies imported to and licensed to companies in Massachusetts. The impact was measured in direct and indirect jobs created and revenues generated.

One study finding: Israeli entrepreneurs have gravitated to Massachusetts because of the state's "deep talent pool of educated workers, the opportunity to be part of an industry cluster, world class universities, and outstanding business infrastructure.".

more...
http://www.boston.com/business/ticker/2010/10/study_israeli_i.html

[JackRiddler]

1. O halleluja! So really the taxpayers are just paying Israel back for the favor, right?

[alanquatermass]

2. Brilliant, Jack!!!

And, y'know, hooray for the Israelis. But you'll notice there isn't ONE SINGLE MENTION in this article (or any other Shira has posted that I can find) on ARAB innovation, progress, and technology.

Hmm. Wonder why that is.

[Jim Sagle]

4. So why don't YOU post "on ARAB innovation, progress, and technology"?

[shira]

3. Or maybe Israel's not exactly a liability to the USA. n/t

[ProgressiveMajority]

5. That's a shame. These companies should join BDS

As long as money comes before morality I'm afraid not much will improve for the Palestinians.