ISRAEL CREATES JOBS IN AMERICA
1. U.S. aid to Israel creates jobs in America
- Israel is pledged to spend nearly 75 percent of the military aid it receives from the U.S. (roughly $2.25
billion) on products manufactured across America.
- This spending directly supports over 20,000 jobs and indirectly supports thousands of other jobs
according to recent estimates.
- More than 1,000 companies in 47 states, the District of Columbia, and Puerto Rico have signed
contracts worth billions of dollars through the U.S. aid to Israel program.
2. Israeli investments create jobs in America
- Israel is one of America’s top 20 suppliers of Foreign Direct Investment (FDI). All FDI in the U.S.
supports over 5.6 million jobs.
- Israeli companies invested more than $57 billion in the U.S. between 2000 and 2010.
- In 2010 Israeli companies invested $7.2 billion in the U.S., nearly 4 percent of total U.S. FDI that year.
- Many Israeli companies, including Given Imaging, Amdocs, Netafim, and BrightSource, have opened
offices across the U.S.
- The U.S. passed new visa legislation in June 2012 to further encourage Israelis to invest in America
and create even more jobs.
3. U.S.-Israel cooperation creates jobs in America
- The Binational Science Foundation (BSF), Binational Industrial Research and Development
Foundation (BIRD), and Binational Agricultural Research and Development Foundation (BARD) are
joint projects of the U.S. and Israeli governments.
- Their goal is to stimulate, promote, and support cooperation between American and Israeli
businesses and scientists.
- These organizations have helped create anywhere between 18,000 and 200,000 jobs in the U.S.
depending on the estimates used.
4. Israel helps train American innovators and job creators
- Cornell University and Israel’s Technion have joined forces to create the Technion-Cornell Innovation Institute in New York City. This new university will train the next generation of American leaders in technology and innovation.