New York Governor Andrew Cuomo has plans to bolster economic ties with Israel despite already being its top trade partner, in order to make it a hi-tech capital akin to Silicon Valley.
Cuomo recently held a two-day trade mission to the Jewish state, where he said he would create partnerships with as many as 17 Israeli companies, including a drone start-up.
The Empire State exports $5 billion to Israel annually, the most of any US state, and just last week a new study revealed that Israeli-run businesses have boosted New York’s economy by billions of dollars in 2018 alone, significantly contributing to its economic growth and employment rates.
“Israel’s reputation as an entrepreneurial powerhouse is arguably most evident in New York City, where it’s nearly impossible to walk a block without encountering its influence,” stated the independent study conducted for the New York – Israel Business Alliance.
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