Israeli-founded companies in Massachusetts brought $9.3 billion to state, study finds

Sally

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Mar 22, 2012
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Looks like many states might be envious of Massachusetts.



Israeli-founded companies in Massachusetts brought $9.3 billion to state, study finds

June 8, 2016 10:00am



BOSTON (JTA) -– Israeli-founded companies based in Massachusetts brought in $9.3 billion to the state last year, continuing to outpace the state’s economy in overall revenue and job growth, according to a new report released Wednesday by the New England-Israel Business Council.

When factoring in the impact of spending on goods and services, such as office space, marketing and other business needs, the figure nearly doubled to $18.1 billion, the report found.

Some 200 companies employ nearly 9,000 people in Massachusetts, up from some 6,600 three years ago, when the New England-Israel Business Council released a similar study. Both studies were conducted by Stax Inc., a strategic management consulting firm, with support from the Combined Jewish Philanthropies of Greater Boston.

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Israeli-founded companies in Massachusetts brought $9.3 billion to state, study finds
 

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