Israel Matzav

How to make sure your country's/state's economy doesn't grow

If you want to make sure that your country's or state's economy doesn't grow, one of the best ways to accomplish that is to boycott Israel. The Jewish state can have a huge positive impact on your economy. Take Massachusetts, for instance....

More than 200 Israeli-founded businesses in Massachusetts booked $6.2 billion in revenue in 2012 and employed about 6,700 people in the state, according to a study released Thursday by the New England-Israel Business Council.

The employees supported more than 23,000 jobs statewide, and the total economic impact that year was $11.9 billion according to the study, conducted by Boston-based global strategic consulting and research firm Stax Inc.

The study also found that Israeli-founded businesses secured almost $700 million in venture capital funding fro 2010 to 2012 across 73 deals, representing more than 6 percent of all venture capital funding in the state. Those businesses returned almost $2 billion to investors in mergers and acquisitions from 2010 to 2012, across 14 deals.

There's more - read the whole thing.  And by the way, I'm a Boston-born high tech lawyer, living and practicing in Israel and the US....

Labels: BDS, Boston, Israeli high tech, Massachusetts

posted by Carl in Jerusalem @ 5:25 PM