Facilitating Growth for Israeli
and Washington Businesses
Washington Israel Business Council's (WIBC)
mission is to support
economic growth in Israel and Washington State through stimulation
and promotion of mutual commercial and educational collaboration.
The parallels between Israel and Washington
State plus the complimentary strengths of their business environments
provides many mutually-beneficial business opportunities.
WIBC facilitates access to markets,
products and services to help companies in both countries
to prosper.
Parallels between Israel and Washington
State
There are significant business and economic parallels between Israel and Washington State.
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Population: Washington
6,587,600; Israel 7,337,000 |
| • |
Education: Highest number
of university graduates per capita |
| • |
Facing similar challenges:
economic growth, differentiation through innovation, and
education |
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Values: Shared commitment
to economic growth and prosperity, excellence in education,
state security, and political cooperation. |
| • |
Technology: Washington
and Israel play a major role in the advancement of technology
on a global scale, primarily through the private business
sector. |
| • |
Infrastructure: Modern
infrastructure, highly welcoming business environment |
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Strengths of Israel's Business
Environment
Highlights of Israel's business and economic
indicators:
| • |
Educated Work force: Israel
has a highly educated work force and a focus on agricultural
technology, biotechnology, medical instrumentation, and
the high technology sector |
| • |
Free trade agreements
cover close to 80% of Israel's foreign trade |
| • |
Financial: Has substantial
investment grants, tax benefits, and exemptions for foreign
investors |
| • |
Publicly Traded Co's:
Outside of the U.S., Israel has the most companies traded
on NASDAQ |
| • |
Technology: Washington
and Israel play a major role in the advancement of technology
on a global scale, primarily through the private business
sector. |
| • |
R & D: The highest
rate of research and development investment per GDP in
the world |
| • |
Start-Ups: Israel is one
of the largest centers in the world for start-up enterprises |
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Strengths of Washington's Business
Environment
Highlights of Washington's business and economic
indicators:
| • |
Business Success: Washington
grows and attracts some of the best companies in the world:
Amazon.com, Costco, Microsoft, Nintendo America,
Nordstrom, Starbucks |
| • |
Economy: Washington has
one of the most robust and diverse economies in the world.
Its make-up spans aerospace, agriculture, life sciences,
marine services, technology, and tourism. |
| • |
Electricity: Washington
State is served by the largest coordinated hydro electrical
system in the world. |
| • |
Financial: There are tax
credit, waiver, and deferral programs for qualifying manufacturers,
R & D, high technology, warehousing and distribution
firms. |
| • |
Location: Washington State
is optimally located for rapid access to the West Coast,
Midwest, Canada, and Asia. |
| • |
Regional Markets: Trade
extends beyond port property; over 70 percent of Washington's
imports are destined for points south and east of the
state. |
| • |
Transportation: Washington
maintains its competitive edge in the global marketplace
by ensuring that the transportation system capacity expands
to meet increased trade demands. |
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Creating Business and Trade Opportunities
Washington Israel Business Council is a not-for-profit, non-governmental,
membership supported organization dedicated to strengthening
business and trade relations between Washington State and
Israel. One of our primary activities is to guide and assist
Israeli companies seeking to promote and expand their businesses
in the U.S., and U.S. companies seeking access to the Israeli
market, technologies and products.
Contact us to find
out how your company can access new markets, technologies
and products in Israel or Washington State. |
