A new initiative has been launched to strengthen commercial relations between Israel and the US, with 80 organizations signing a Memorandum of Understanding (MoU) to establish a national gateway for market intelligence, investment missions, and joint technology pilots.
What happened
The MoU was signed at a summit organized by the Michigan Israel Business Accelerator (MIBA), which brought together leaders from the economic development, corporate, and government sectors involved in Israel-US business relations. The summit aimed to deepen economic and commercial ties between the two countries.
The new initiative, called the US-Israel Innovation Exchange (USIIE), will unify several projects working on expanding commercial cooperation between Israel and the US into one nationwide platform. This platform will enable the acceleration of partnerships, cross-border investment, and job growth.
According to the MIBA, Israeli companies operating in the US have generated significant economic value, with companies in New York alone generating over 28,500 jobs and $13.3 billion in economic value. Since its foundation in 2021, the MIBA has connected over 5,000 business leaders and driven over $90 million in direct economic impact.
The USIIE aims to mirror these achievements across the United States, with the goal of building it into one of the country's leading platforms for connecting Israeli innovation and American markets, industries, and communities.
