No fewer than 1,982 small and medium-sized business operate in Yehuda and Shomron, a 100 percent increase over the past decade. Relative to population size, the average rate of entrepreneurship in Yehuda and Shomron in 2018 was 20 percent higher than in Tel Aviv.
The data, from the Israel’s Central Bureau of Statics and the MATI Jerusalem Business Development Center in Yehuda and Shomron, was presented at an entrepreneurial conference in Shomorn, the first such conference of its kind.
In a sign of the region’s growing tourism industry, the most prominent commercial field in Yehuda and Shomron is the service industry, in particular food and hospitality services, followed by industry and health services and skin care.
Conference attendees welcomed the Tourism Ministry’s recent decision to incentivize entrepreneurs to build hotels in Yehuda and Shomron and the Jordan Valley, in the form of grants to entrepreneurs of 20 percent of the total investment.
According to Samaria Regional Council head Yossi Dagan, “Entrepreneurship is in Samaria’s DNA. The reason for this is, on the one hand, the distance from the cities, and the other hand, an active population that came here to settle and to build and therefore is no stranger to entrepreneurship.”
This article first appeared in Israel Hayom.