MA-Israel Study

The Massachusetts-Israel Economic Relationship, 2nd Edition Israeli Innovation and Entrepreneurship are a Major Driver of the Massachusetts Economy

An independent study by Stax Inc., a global strategic consulting and research firm, prepared for NEIBC, reveals that Israeli-founded businesses generate enormous jobs, revenue and capital activity in Massachusetts

Cover To read the complete study, click on this image (PDF file, 1.7mb)

Among the key findings of the study:

  • Israeli-founded companies contributed $6 billion in direct revenue and over 6,600 jobs to the state’s economy in 2012
  • The employment base of Israeli-founded businesses grew five times faster than the state’s economy between 2009 and 2012.
  • Over 200 Israeli-founded businesses called Massachusetts home in 2012.
  • Israeli-founded businesses represented 2.9% of the Massachusetts GDP in 2012.
  • Israeli-founded businesses secured $700 million in venture capital from 2010-2012 across 73 deals, representing over 6% of all venture capital funds raised in the state.
  • These businesses returned nearly $2 billion to investors in mergers and acquisitions from 2010-2012 across 14 deals.
  • Israeli alumni of Massachusetts colleges started 30% of the Israeli-founded companies in the state.

Links about the study:

Event photos:

Massachusetts Gov. Deval Patrick.

Massachusetts Gov. Deval Patrick.

Joel Schwartz, Senior Vice President for Global Development, EMC

Robert Kraft, Chairman and CEO of The Kraft Group

Robert Kraft, Chairman and CEO of The Kraft Group

Amir Eldad, Chairman of the New England Israel Business Council; and Akhil Nigam, Founder and President of MassChallenge

Amir Eldad, Chairman of the New England Israel Business Council; and Akhil Nigam, Founder and President of MassChallenge

Some of those attending the event at MassChallenge in the Seaport District.

Some of those attending the event at MassChallenge in the Seaport District.