Israel and Florida: A Strong and Growing Economic Partnership
Israel and Florida have a strong relationship, sharing many common areas of business activity. In August 2013, the State of Florida and the State of Israel signed a memorandum of understanding to promote collaborative research, development, and commercialization of projects related to space. For Israel this means an expansion of its economic cooperation abroad, and for Florida it means maintaining and strengthening its space sector. Under this agreement, the governments of Israel and Florida are matching each other, dollar for dollar, to establish a fund to provide grants to Israeli and Florida companies that present joint research ideas for innovative space technologies.
Florida and Israel also have a history of strong cooperation in the defense and homeland security and life sciences fields. Both industries are highly developed in both Israel and in Florida, and Israeli companies are increasingly looking to Florida when seeking to expand to the U.S and Latin America.
Florida’s information technology sector is a global leader in Modeling, Simulation and Training; Photonics/Optics, and Software & Computer Systems Design. Home to iconic IT pioneers such as IBM and Citrix Systems, as well as home-grown start-ups with a global reach, Florida has the nation’s third-largest tech industry, and is a leader in the production of graduates in the areas of Science, Technology, Engineering, and Math (STEM).
In May 2019, Florida Governor Ron DeSantis led a historic Business Development Mission to Israel with more than 100 Florida delegates, signing more than 20 Memorandums of Understanding between Israeli and Florida entities. The mission further strengthened the bonds between Florida and Israel through meetings among private sector companies and business leaders as well as government agencies and institutions.
Florida has much to offer Israeli companies, and is home to a large and active Jewish community. The Florida-Israel Business Accelerator (FIBA) launched in 2016, is a technology accelerator designed to establish and grow successful Israeli high-growth tech ventures in the Tampa Bay Area. FIBA leverages its network to help companies with market-ready products or technologies expand in the U.S. market – and beyond.
As the third most-populous U.S. state, Florida offers a unique combination of strategic geographic location, state-of-the-art infrastructure, multilingual workforce, concentration of corporate and financial resources, and unparalleled access to markets throughout the Western Hemisphere. From Florida, companies can easily do business globally. To learn more, download the Florida International Business Advantages Brief.
View the Florida-Israel Linkages Profile to learn more about the connections that highlight the long-standing partnerships between these two states.
EFI Investor Services for Israeli Companies
As Florida’s official statewide trade and investment promotion agency, Enterprise Florida provides a range of services to prospective investors from Israel, the U.S., and the rest of the world. Enterprise Florida’s services are confidential and always free of charge. They include:
· Confidential Site Selection
· Industry Sector Expertise
· Property Search Assistance
· Permitting & Regulatory Assistance
· Financing & Incentives Coordination
· International Marketplace Expansion
· Demographic & Workforce Information
· State Agency Liaison
Virtual Business Matchmaking for Florida Companies
Enterprise Florida launched the Virtual Business Matchmaking (VBM) program in the summer of 2020 to ensure that companies could still conduct business overseas even if they could not travel. The Israel Virtual Business Matchmaker utilizes Enterprise Florida’s office in Tel Aviv to bring together Florida exporters with Israel-based pre-qualified partners/distributors through virtual platforms. Reimbursable trade grants cover 100% of the cost of the matchmaker service.