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Israel’s Economic Impact on the U.S.

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Israel’s Economic Impact on the U.S. – Sherwin Pomerantz (Baltimore Jewish Times)
(dailyalert.org, July 4, 2014)

    More than 200 Israeli-founded businesses located in Massachusetts booked over $6 billion of revenue and generated nearly $12 billion in economic benefit to the state, representing 2.9% of the state’s GDP in 2012.

    These companies directly employed 6,600 people and supported more than 23,000 jobs.

    In Pennsylvania, one Israeli company, TEVA Pharmaceuticals, employs 2,400 people in 8 locations, generating 15,800 direct and indirect jobs, $1.2 billion in local income, $4.4 billion in economic output and $115 million in state and local taxes.

    Moreover, TEVA made $2.9 million in corporate charitable donations and in its advocacy and medical education programs in Pennsylvania in 2013 alone. 

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  • Published: 9 years ago on July 4, 2014
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  • Last Modified: July 4, 2014 @ 11:08 am
  • Filed Under: International, Israel

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